Renault-Nissan Alliance announces $800 million investment in Argentina

(August 1, 2016) BUENOS AIRES, Argentina — Renault-Nissan Alliance Chairman and CEO Carlos Ghosn confirmed last week that the Alliance will invest $800 million in Argentina through 2018. Ghosn's visit to Argentina is his first since President Mauricio Macri's inauguration and comes as the Alliance prepares to launch its first dedicated pickup truck manufacturing line to produce vehicles for Nissan, Renault and Alliance partner, Daimler. The new line represents an investment of $600 million. Ghosn noted it also will mark the first time Nissan will build vehicles in Argentina. 

Renault Argentina also announced it will invest another $100 million in a new model to be produced at the Santa Isabel plant in Córdoba. This latest investment follows a $100 million investment announced in March 2015 for the production of Renault Sandero, Sandero Stepway and Logan models at the plant.

"The Renault-Nissan Alliance is deeply committed to Argentina and the local partners who are joining these ambitious projects," Ghosn said. "As the third-largest automotive market and the center of pickup manufacturing in Latin America, Argentina is key to the regional growth plans of our brands."

Highlights of the one-ton pickup $600 million investment:

    • Announced originally in April 2015, the Alliance investment of U.S. $600 million led to the signing of an agreement this month with the province of Córdoba.

    • The project has the capacity to produce 70,000 units a year and is expected to generate up to 1,000 direct jobs and 2,000 indirect jobs.

    • Three versions of this pickup will be produced in Argentina: the Nissan NP300 Frontier in 2018, followed by the Renault Alaskan and a model for Daimler by end of the decade.