TOKYO, JULY 20 (AP/UNB) - The French-Japanese auto alliance of Renault and Nissan is investing $160 million in its South Korean Renault Samsung Motors to boost annual production by 80,000 vehicles, taking advantage of the nation's free trade agreement with the U.S.
Â
The plant in the southern city of Busan is now making 180,000 vehicles a year, sold in South Korea and 60 other nations.
Â
The investment, announced Friday, will be for the next-generation Nissan Rogue crossover sport-utility vehicle, starting production in 2014, with annual capacity of 80,000 vehicles.
Â
Renault Samsung Motors is the first European carmaker to set up operations in South Korea. Renault owns 80.1 percent of the manufacturer.
Â
South Korea has a free trade agreement with the U.S. and is negotiating deals with Canada and Mexico, where the Rogue is also headed.
Â
The plant in the southern city of Busan is now making 180,000 vehicles a year, sold in South Korea and 60 other nations.
Â
The investment, announced Friday, will be for the next-generation Nissan Rogue crossover sport-utility vehicle, starting production in 2014, with annual capacity of 80,000 vehicles.
Â
Renault Samsung Motors is the first European carmaker to set up operations in South Korea. Renault owns 80.1 percent of the manufacturer.
Â
South Korea has a free trade agreement with the U.S. and is negotiating deals with Canada and Mexico, where the Rogue is also headed.
Comments
No Comments on this News



