Renault-Nissan Alliance investment in Argentina tops U.S. $800 million

PR65258

BUENOS AIRES, Argentina, July 30, 2016 /PRNewswire=KYODO JBN/ --

- Alliance prepares to launch first dedicated pickup manufacturing line

  for Nissan, Renault and Daimler in the Americas

- Pickup marks first time Nissan will manufacture in Argentina

- Carlos Ghosn meets with Mauricio Macri, President of Argentina

(Logo: http://photos.prnewswire.com/prnh/20140130/666713-a)

Renault-Nissan Alliance Chairman and CEO Carlos Ghosn confirmed today that the

Alliance will invest U.S. $800 million in Argentina through 2018.

Ghosn’s visit to Argentina is his first since President Mauricio Macri’s

inauguration and comes as the Alliance prepares to launch its first dedicated

pickup truck manufacturing line to produce vehicles for Nissan, Renault and

Alliance partner, Daimler. The new line represents an investment of U.S. $600

million. Ghosn noted it also will mark the first time Nissan will build

vehicles in Argentina.

Renault Argentina also announced it will invest another U.S. $100 million in a

new model to be produced at the Santa Isabel plant in Cordoba. This latest

investment follows a U.S. $100 million investment announced in March 2015 for

the production of Renault Sandero, Sandero Stepway and Logan models at the

plant.

Ghosn met with President Macri in Buenos Aires to reiterate the Alliance’s

commitment to Argentina, provide insights into future plans and thank the

President for his forward-looking approach on trade and investment.

“The Renault-Nissan Alliance is deeply committed to Argentina and the local

partners who are joining these ambitious projects,” Ghosn said. “As the

third-largest automotive market and the center of pickup manufacturing in Latin

America, Argentina is key to the regional growth plans of our brands.”

During his visit, Ghosn also toured the Santa Isabel Industrial Complex where

preparations for new investments are underway. He also met with key automotive

suppliers that will support the Alliance’s pickup production.

Highlights of the one-ton pickup U.S. $600 million investment

- Announced originally in April 2015, the Alliance investment of U.S. $600

million led to the signing of an agreement this month with the province of

Cordoba.

- The project has the capacity to produce 70,000 units a year and is expected

to generate up to 1,000 direct jobs and 2,000 indirect jobs.

- Three versions of this pickup will be produced in Argentina: the Nissan NP300

Frontier in 2018, followed by the Renault Alaskan and a model for Daimler by

end of the decade.

http://www.media.blog.alliance-renault-nissan.com/news/5965

     Media contacts

     Marcelo Klappenbach

     Gerente de Comunicaciones Corporativas, Nissan Argentina S.A.

     T: +54(11)-5533-6800

     marcelo.klappenbach@nissan.com.ar

     Natacha Schvartz

     Jefe de Comunicacion Externa, Renault Argentina

     T: +54(11)-4778-2000

     natacha.schvartz@renault.com

Source: Renault-Nissan Alliance