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.
BUSAN, South Korea, July 19, 2012 /CNW/ - 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
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
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
"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 Asia-Pacific markets.
For the full release, go to: http://blog.alliance-renault-nissan.com/node/769
SOURCE Renault-Nissan Alliance
For further information:
Media contacts: Renault-Nissan Alliance, Mia Nielsen +33(0)6-10-83-31-33, firstname.lastname@example.org; Renault, Samsung Motors, Kisung Nah, +82(0)2-3707-5495, email@example.com; Renault SAS: Raluca Barb, +33(0)1-76-84-18-54, firstname.lastname@example.org, Nissan Motor Co., Ltd.; Toshitake Inoshita, +81(0)45-523-5552, email@example.com