Nissan to Build Next Generation Rogue Crossover in South Korea in addition to the United States-Car lovers, because it turns out, Nissan is going to split production of the new Rogue crossover between its Smyrna plant in Tennessee, USA, beginning from next year, and the Renault Samsung Motors factory in Busan, South Korea starting in the 2014.
This car maker will benefit from a weak Korean won and recent free trade deals as believed by the analysts.
Car lovers, the French-Japanese firm said it will invest US$160 million (€130 million) to add 80,000 units of the Nissan Rogue production in Korea, increase cost competitiveness of a key industrial base and the vehicles will be distributed to select Asian countries and North America.
CEO Carlos Ghosn, Renault-Nissan Alliance CEO says that put in production in Korea shows a commitment across the Alliance to helping Renault Samsung Motors achieve its targets for cost competitiveness and growth.
Moreover, he also adds that the Busan statement represents a unique ‘win-win-win’ for Renault, Nissan and RSM, demonstrating the flexibility and power of the Alliance for all partners and furthermore he is counting on every RSM employee to contribute to the successful completion of this project.
Car lovers, it is amazing that this factory has a total capacity of 300,000 units per year. However, it is assumed to build only 180,000 vehicles in 2012.
The aim is that to achieve a 10 percent market share in Korea this year, up from 7 percent in 2011, as says by this car maker.
Car lovers, as part of the Renault Samsung Motor Revival Plan, this company plans to present new small crossover and the zero-emission SM3 ZE in 2013. You know, RSM’s recent lineup consists of the SM3 compact, the SM5 midsize sedan, the SM7 large sedan (rebadged for China as Renault Talisman) and the QM5 SUV that outside Korea it is sold as Renault Koleos.
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