Renault-Nissan Alliance Invests $160 Million in Korea to Speed Global Growth Strategy

AsiaNet 50099

BUSAN, South Korea, July 20 /PRN=KYODO JBN/ -

     - 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 Asia-Pacific markets.

     For the full release, go to:

     http://blog.alliance-renault-nissan.com/node/769

     SOURCE: Renault-Nissan Alliance