São Paulo – Renault Brazil issued a statement this Wednesday (5) providing details on the investment announced on the 1st of this month by the brand’s global chairman, Carlos Ghosn, a Brazilian of Lebanese descent, at a meeting with president Dilma Rousseff. The automaker announced that it will invest another 500 million Brazilian reals (US$ 264.7 million) in addition to the 1 billion reals (529.4 million) previously forecasted for the 2010-2015 period, thus raising the total investment to 1.5 billion reals (US$ 794 million).
Thus, the automaker is expecting to increase its production capacity to 383,000 vehicles per year, 100,000 more than the current capacity. During his meeting with Dilma, Ghosn also announced that it will build a new Nissan plant in the state of Rio de Janeiro. The two brands maintain an international partnership and both are headed by the executive.
The new investment in Renault will include a new engineering centre, a training centre, and a logistics area. The company announced that 1,000 new jobs will be created, in addition to the 1,000 new employees being hired this year.
“Renault Brazil ranks among the priorities of the brand’s global growth strategy, and should become the second leading market for the Renault Group by 2013,” said Ghosn, according to the statement issued by the company. The leading market is France. The automaker has been operating in Brazil for 15 years.
*Translated by Gabriel Pomerancblum
