Renault-Nissan Alliance Investment in Argentina Tops U.S. $800 Million

Buenos Aires, Argentina (ots/PRNewswire) -

- Alliance prepares to launch first dedicated pickup manufacturing
line for Nissan, Renault and Daimler in the Americas
- Pickup marks first time Nissan will manufacture in Argentina
- Carlos Ghosn meets with Mauricio Macri, President of Argentina

Renault-Nissan Alliance Chairman and CEO Carlos Ghosn confirmed
today that the Alliance will invest U.S. $800 million in Argentina
through 2018.

(Logo: http://photos.prnewswire.com/prnh/20140130/666713-a )

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

Ghosn met with President Macri in Buenos Aires to reiterate the
Alliance's commitment to Argentina, provide insights into future
plans and thank the President for his forward-looking approach on
trade and investment.

"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."

During his visit, Ghosn also toured the Santa Isabel Industrial
Complex where preparations for new investments are underway. He also
met with key automotive suppliers that will support the Alliance's
pickup production.

Highlights of the one-ton pickup U.S. $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.

http://www.media.blog.alliance-renault-nissan.com/news/5965


Media contacts

Marcelo Klappenbach

Gerente de Comunicaciones
Corporativas, Nissan Argentina S.A.

T: [phone]


[e-mail]

Natacha Schvartz

Jefe de Comunicación Externa, Renault Argentina

T:
[phone]

[e-mail]


ots Originaltext: Renault-Nissan Alliance
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