ARGENTINA: Nissan confirms investments in Cordoba
The company said that this investment by Nissan will happen in 2002, which is when Renault's Japanese partner is planning to start operating in Mercosur. Nissan trades at the moment 4,000 cars annually in Mercosur, and they want to increase their sales to 150,000 units annually in the first decade of 2000. This would give them a market share of around 4%. Nissan does not have its own factories in the region so it will use Renault's, to whom it has been associated since 1999, when Renault acquired 36.8% of the shares of Nissan's capital.
This industrial co-operation between the two companies will be completed by collaboration in the commercial and services sector. In total, Nissan's implantation in Mercosur will create 600 direct jobs and around 3,000 indirect jobs.