Nissan to invest $276 million in Brazil plant

Nissan Motor on Wednesday said it is going to invest 1.3 billion reais ($276.12 million) in its plant located in Resende in the Brazilian state of Rio de Janeiro.

The investment also concerns launching new products between this year and 2025.

The automaker’s announcement came during an event to launch a new version of its Frontier pickup truck in Puerto Iguazu, Argentina.