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Renault-Nissan Alliance launches $1.8 billion “Brazilian offensive”

  • Nissan to invest 2.6 billion reais (US$1.5 billion, or €1.1 billion) to build new plant in Resende and develop new products for Brazil
  • Renault to invest 500 million reais (US$285 million or €212 million) to expand plant in Curitiba   
  • Companies to increase combined annual capacity to 580,000 vehicles and launch 23 new models in Brazil in the next five years