Renault-Nissan Alliance Investment in Argentina Tops U.S. $800 Million

Source: Market Watch
07.29.2016

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.

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