Renault-Nissan Alliance To Invest $800 Million In Argentina

Buenos Aires: The Renault-Nissan Alliance says it will invest $800 million in Argentina.

Renault-Nissan chairman and CEO Carlos Ghosn announced the investment on Friday after meeting with Argentine President Mauricio Macri.

Ghosn said the plan will create about 1,000 direct and some 2,000 indirect jobs. About $600 million from the investment will go toward launching a first line of fabrication for some 70,000 pickups, including Nissan's NP300 Frontier and Renault's Alaskan.

The car-making alliance will also invest $100 million in the production of Renault's Sandero, Sandero Stepway and Logan models. The remaining $100 million will go to the production of a new model.

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