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Nissan Confirms Plans to Build Vehicles in Korea
The Renault-Nissan alliance will invest 170 billion won ($150 million to prepare an assembly plant in Busan, South Korea, to begin producing 80,000 next-generation Nissan Rogue crossover vehicles per year in 2014, mainly for the U.S. market.
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The Renault-Nissan alliance will invest 170 billion won ($150 million to prepare an assembly plant in Busan, South Korea, to begin producing 80,000 next-generation Nissan Rogue crossover vehicles per year in 2014, mainly for the U.S. market.
The move will enable Nissan to meet rising demand for the Rogue and take advantage of Korea's favorable exchange rates and the country's free trade agreements with the U.S. and the European Union.
The alliance partners say the plan also will help Renault's Korean unit, Renault Samsung Motors, improve its efficiency. The Busan factory has annual capacity of 300,000 units but made only 73,800 vehicles in the first half of 2012.
Nissan plans to add capacity to build 120,000 Rogues annually at its plant in Smyrna, Tenn. next year, when production shifts there from Japan. The company sold 124,500 Rogues in America last year and expects to sell about 150,000 units this year.
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