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SEOUL, South Korea – Renault-Nissan Alliance will invest US$160-M to roll out Nissan models at its South Korean unit, the French automaking group said Friday.
Renault-Samsung Motors in the southern port of Busan will produce an annual 80,000 units of Nissan’s crossover Rogue, beginning in 2014, Renault-Nissan said in a statement.
“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 new investment plan comes at a time when Renault-Samsung has been suffering from plunging sales.
In the first 6 months to June this year it sold 83,062 units, down 33% from a year earlier. – Agence France-Presse
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