Renault-Nissan Alliance Invests $160 Million in Korea to Speed Global Growth Strategy

Busan, South Korea (ots/PRNewswire) -

- Alliance will invest US$160 million to add 80,000 units of Nissan Rogue
production in Korea and increase cost competitiveness of a key industrial base.
- Renault Samsung Motors will get increased productivity at Busan plant to
accelerate its turnaround.
- As Renault Samsung achieves competitive cost targets, Busan plant will produce
new derivative vehicles for Korea and export markets.

Renault-Nissan Alliance will invest US$160 million in Korea to
meet anticipated demand for the next-generation Nissan Rogue and to
accelerate growth of Renault Samsung Motors.

Production of Nissan Rogue crossover in Busan, Korea, will begin
in 2014, with an annual capacity of about 80,000 units. This year the
plant aims to build about 180,000 vehicles for sale in Korea and 60
other countries.

Next-generation Rogue production in Busan gives more momentum to
Renault Samsung Motors, which earlier this year launched the "RSM
2012 Revival Plan." The plan aims to achieve efficiency and cost
competitiveness in Busan, while expanding RSM's vehicle lineup, which
today consists of four models.

"Adding production in Korea shows a commitment across the
Alliance to helping Renault Samsung Motors achieve its targets for
cost competitiveness and growth," said Renault-Nissan Alliance
Chairman and CEO Carlos Ghosn. "The Busan announcement represents a
unique 'win-win-win' for Renault, Nissan and RSM, demonstrating the
flexibility and power of the Alliance for all partners -- and I am
counting on every RSM employee to contribute to the successful
completion of this project."

Korea: Key to Renault's Worldwide Expansion

Formed in 1999, the Renault-Nissan Alliance achieved a record
8.03 million vehicle sales in 2011 in nearly 200 countries. Brands
include Renault, Nissan, Infiniti, Dacia and Renault Samsung Motors.

RSM is a key asset for French automaker Renault as it increases
its industrial footprint and sales volume outside western Europe,
particularly in fast-growing Asia-Pacific markets.

For the full release, go to:
http://blog.alliance-renault-nissan.com/node/769

ots Originaltext: Renault-Nissan Alliance
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Media contacts: Renault-Nissan Alliance, Mia Nielsen
+33(0)6-10-83-31-33,mia.nielsen@renault.com; Renault, Samsung
Motors,
Kisung Nah, +82(0)2-3707-5495,
kisung.nah@renaultsamsungm.com; Renault SAS: Raluca Barb,
+33(0)1-76-84-18-54, raluca.barb@renault.com, Nissan Motor Co., Ltd.;
Toshitake Inoshita, +81(0)45-523-5552,
t-inoshita@mail.nissan.co.jp