Renault-Nissan Alliance Invests $160 Million in Korea to Speed Global Growth Strategy
BUSAN, South Korea, July 20, 2012 /PRNewswire/ –
- Alliance will invest US$160 million to add 80,000 units of Nissan Rogue production in Korea and increase cost competitiveness of a key industrial base. - Renault Samsung Motors will get increased productivity at Busan plant to accelerate its turnaround. - As Renault Samsung achieves competitive cost targets, Busan plant will produce new derivative vehicles for Korea and export markets.
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.
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 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.”
Korea: Key to Renault’s Worldwide Expansion
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, Infiniti, Dacia and
Renault Samsung Motors.
RSM is a key asset for French automaker Renault as it increases its industrial
footprint and sales volume outside western Europe, particularly in fast-growing
For the full release, go to: http://blog.alliance-renault-nissan.com/node/769
SOURCE Renault-Nissan Alliance