Blog of RENAULT NISSAN Alliance

Renault Group Chairman and Chief Executive Carlos Ghosn today announced a new investment cycle in Brazil in the amount of R$ 500 million over the 2014-2019 period. This investment will be channeled into the development of two new cars at Renault’s plant in Curitiba.

“Since 2011, Brazil is the brand’s second largest market after France and it is a priority in the Group’s global growth strategy,” said Carlos Ghosn. Renault Brazil successfully completed its previous investment plan and is now pursuing the ambition of expanding its domestic market share.”

Earlier this month, Renault’s Alliance partner Nissan announced the inauguration of its first plant in Brazil in Resende, Rio de Janeiro. Brazil is among the Alliance’s top ten markets in terms of volume. Together, Renault and Nissan have an 8.8% market share in the country.

Click here for the Renault press release.