Renault-Nissan Alliance invests $160-million in South Korea to speed global growth strategy

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 South Korea and 60 other countries.

Next-generation Rogue production in Busan gives more momentum to Renault Samsung Motors, which earlier this year launched the 'RSM 2012 Revival Plan'. The plan aims to achieve efficiency and cost competitiveness in Busan, while expanding RSM's vehicle lineup, which today consists of four models.

"Adding production in South 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."

Posted in: Asia Pacific,Assembly/Manufacturing Plant,Busan,Carlos Ghosn,International,Investment,Korea,Nissan,Nissan Rogue,Renault,Renault Samsung Motors,Renault-Nissan Alliance