Renault-Nissan Alliance Announces USD 800 Million Investment In Argentina
The Renault-Nissan Alliance announced it will invest USD 800 million in Argentina through 2018 as it prepares to launch its first dedicated pickup truck manufacturing line to produce vehicles for Nissan, Renault and Alliance partner, Daimler.
Highlights
The Renault-Nissan Alliance announced it will invest USD 800 million in Argentina through 2018 as it prepares to launch its first dedicated pickup truck manufacturing line to produce vehicles for Nissan, Renault and Alliance partner, Daimler. Furthermore, Renault Argentina also announced it will invest another USD 100 million in a new model to be produced at the Santa Isabel plant in Cordoba, which follows a USD 100 million investment in March 2015 for the production of Renault Sandero, Sandero Stepway, and Logan models at the plant. The Renault Alaskan will also be produced at Santa Isabel.
Carlos Ghosn, Chairman and CEO, Renault-Nissan Alliance, said, "The Renault-Nissan Alliance is deeply committed to Argentina and the local partners who are joining these ambitious projects. As the third-largest automotive market and the centre of pickup manufacturing in Latin America, Argentina is key to the regional growth plans of our brands."
Renault's investments in Argentina are aimed at utilization of the manufacturing complex and to reaffirm its confidence in this market. Additionally, Renault has set its sight on the number 2 sales position in Argentina this year and is targeting "leadership in the mid term".
Renault took the wraps off the Alaskan, its first ever full-tonne pick-up truck, in June 2016. Developed in France, Japan and Latin America, the Renault Alaskan will be the company's second pickup after the Renault Duster Oroch, which was launched in 2015.
Carlos Ghosn, Chairman and CEO, Renault-Nissan Alliance, said, "The Renault-Nissan Alliance is deeply committed to Argentina and the local partners who are joining these ambitious projects. As the third-largest automotive market and the centre of pickup manufacturing in Latin America, Argentina is key to the regional growth plans of our brands."
Renault's investments in Argentina are aimed at utilization of the manufacturing complex and to reaffirm its confidence in this market. Additionally, Renault has set its sight on the number 2 sales position in Argentina this year and is targeting "leadership in the mid term".
Renault took the wraps off the Alaskan, its first ever full-tonne pick-up truck, in June 2016. Developed in France, Japan and Latin America, the Renault Alaskan will be the company's second pickup after the Renault Duster Oroch, which was launched in 2015.
Last Updated on August 2, 2016
Stay updated with automotive news and reviews right at your fingertips through carandbike.com's WhatsApp Channel.
Great Deals on Used Cars
View All Used Cars8.9
2021 Hyundai Venue
- 13,870 km
- Petrol
- Manual
Rs. 8.25 Lakh
₹ 17,444/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.3
2020 Mahindra XUV300
- 25,279 km
- Diesel
- AMT
Rs. 10 Lakh
₹ 21,152/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.8
2022 Maruti Suzuki Ertiga
- 11,678 km
- Petrol+CNG
- Manual
Rs. 12.5 Lakh
₹ 27,996/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.3
2020 Mahindra Thar
- 19,398 km
- Diesel
- Manual
Rs. 13.5 Lakh
₹ 28,556/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.7
2023 Mahindra Thar
- 26,000 km
- Diesel
- Manual
Rs. 16.75 Lakh
₹ 35,424/month
Car Choice Exclusif Amberhai, New Delhi
8.3
2020 Maruti Suzuki Swift
- 21,000 km
- Petrol
- AMT
Rs. 6.25 Lakh
₹ 13,998/month
Car Choice Exclusif Amberhai, New Delhi
8.0
2021 Hyundai Alcazar
- 9,746 km
- Petrol
- Manual
Rs. 16.35 Lakh
₹ 36,618/month
Car Choice Exclusif Amberhai, New Delhi
8.5
2022 Mahindra XUV300
- 27,200 km
- Petrol
- Manual
Rs. 10.9 Lakh
₹ 23,056/month
Max Motors Yozna Vihar, New Delhi
7.7
2014 Hyundai Grand i10
- 20,000 km
- Petrol
- Manual
Rs. 4.25 Lakh
₹ 9,519/month
Auto Elite Defence Colony, New Delhi
8.7
2021 Renault Kiger
- 24,000 km
- Petrol
- Automatic
Rs. 8.5 Lakh
₹ 19,037/month
Auto Elite Defence Colony, New Delhi