Renault-Nissan Alliance invests $160 million in Korea

Renault-Nissan Alliance will invest US$160 million in Korea to meet anticipated demand for the next-generation Nissan Rogue and to accelerate growth of Renault Samsung Motors. Production of Nissan Rogue crossover in Busan, Korea, will begin in 2014, with an annual capacity of about 80,000 units. This year the plant aims to build about 180,000 vehicles for sale in Korea and 60 other countries.
July 23, 2012 Read time: 1 min
RSS2453 Renault-838 Nissan Alliance will invest US$160 million in Korea to meet anticipated demand for the next-generation Nissan Rogue and to accelerate growth of Renault Samsung Motors. Production of Nissan Rogue crossover in Busan, Korea, will begin in 2014, with an annual capacity of about 80,000 units. This year the plant aims to build about 180,000 vehicles for sale in Korea and 60 other countries.

"Adding production in Korea shows a commitment across the Alliance to helping Renault Samsung Motors achieve its targets for cost competitiveness and growth," said Renault-Nissan Alliance chairman and CEO Carlos Ghosn. "The Busan announcement represents a unique 'win-win-win' for Renault, Nissan and RSM, demonstrating the flexibility and power of the Alliance for all partners -- and I am counting on every RSM employee to contribute to the successful completion of this project."

Formed in 1999, the Renault-Nissan Alliance achieved a record 8.03 million vehicle sales in 2011 in nearly 200 countries. Brands include Renault, Nissan, 4777 Infiniti, 1973 Dacia and Renault Samsung Motors.

For more information on companies in this article

Related Content

  • Autonomous vehicles are everywhere says report
    March 20, 2015
    A new IDTechEx report, Autonomous Vehicles: Land, Water, Air 2015-2035 claims autonomous vehicles are successful here and now but you are unlikely to meet one because the successes are in the upper atmosphere, open cast mines, nuclear power stations, underwater and in other relatively inaccessible places. It goes on to explains that the primary technology of an autonomous vehicle is that which confers autonomy and the powertrain, which is usually electric. The powertrain and navigation and control technolo
    Read More
  • Traficon AID deployed on Busan-Geoje fixed link project
    March 2, 2012
    Traficon, an exhibitor at this week’s 17th ITS World Congress in Busan, South Korea, has revealed that the company’s involvement with the city will continue long after the event closes.
    Read More
  • Init wins biggest order in group history
    July 24, 2012
    In one of the largest telematics projects for public transport ever deployed in Germany, Init, a provider of ITS and electronic fare management for public transport, will be the general contractor in a project for a joint tendering group led by Rheinbahn Düsseldorf. For this project, Init will set up a Tetra trunked system and install a new intermodal transport control system (ITCS) for the group over the next four years.
    Read More
  • Aldis now Gridsmart Technologies
    March 16, 2015
    After a successful year in both product development and sales, transportation systems specialist Aldis has changed its name to Gridsmart Technologies, which it says more accurately reflects the company’s goals, product line and identity. Gridsmart Technologies developed the Gridsmart System, a tracking-based vision solution for actuation and data collection at intersections and highways. The system uses a single camera with an ultra-wide angle lens to track all movement in its field of view, which allows f
    Read More

Highlighted Content