Renault-Nissan Alliance Announces USD 800 Million Investment In Argentina
1 mins read
Follow us on
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
Related News/Reviews
Latest Videos
2024 Jeep Wrangler Rubicon Review: Iconic SUV Ticks More Boxes
⚡️ Ultraviolette F77 Mach 2 LAUNCHED at Rs 2.99 lakh - LEVEL UP! | First Look- ⚡️ Ultraviolette F77 Mach 2 LAUNCHED at Rs 2.99 lakh - LEVEL UP! | First Look
Maruti Suzuki Fronx: 7000 Km Long Term Review | Definitive Guide To Buying The Fronx- Maruti Suzuki Fronx: 7000 Km Long Term Review | Definitive Guide To Buying The Fronx
This Hector looks MEAN! | MG Hector Blackstorm First Look- This Hector looks MEAN! | MG Hector Blackstorm First Look
Aprilia Tuareg 660 | First Look | carandbike
Best Petrol Scooters To Buy In 2024
Hyundai Creta Vs Maruti Suzuki Grand Vitara, Honda Elevate & VW Taigun: Bestseller Challenged
Most Powerful Pulsar Gets Updates For 2024 | Bajaj Pulsar N250 Review- Most Powerful Pulsar Gets Updates For 2024 | Bajaj Pulsar N250 Review
Tata Nexon Road Test Review: Does This SUV Suit All Your Needs?- Tata Nexon Road Test Review: Does This SUV Suit All Your Needs?
