Franco-Japanese vehicle Alliance Renault-Nissan will invest $800 million in Argentina through 2018. Renault’s financial investments in Argentina will improve the usage of the manufacturing complex and reaffirm the business’s grip in this market.
The declaration comes at a time when the Alliance prepares to release its first devoted pickup truck production line to produce automobiles for Nissan, Renault and Alliance partner, Daimler. The new line represents a financial investment of $600 million. This event also will mark the first time Nissan will develop vehicles in Argentina.
Revealed originally in April 2015, the task has the capacity to produce 70,000 units every year and is expected to create up to 1,000 direct jobs as well as 2,000 indirect jobs. Three variations of this pickup will be produced in Argentina: the Nissan NP300 Frontier in 2018, followed by the Renault Alaskan and a design for Daimler by end of the decade.
Renault Argentina likewise revealed it will invest another $100 million in a brand-new model to be produced at the Santa Isabel plant in Cordoba. This newest investment follows a $100 million investment revealed in March 2015 for the manufacturing of Renault Sandero, Sandero Stepway and Logan at the plant.
Renault has expected to reach the Number-2 sales position in Argentina by this year.
