BUENOS AIRES Ė Renault-Nissan announced it will spend $600 million to produce pick-up trucks in the central Argentine province of Cordoba.
The trucks will roll off a new Nissan assembly line to be added to Renaultís existing facility in Santa Isabel, Cordoba.
The new line is projected to turn out 70,000 units a year, with 70 percent of the output earmarked for export, Nissan and Renault executives said at a press conference in Buenos Aires.
Operations are scheduled to begin in early 2018 with production of Nissanís NP 30 Frontier model, to be joined later by models from Renault and Mercedes-Benz.
The project is expected to create up to 3,000 new jobs in all, Nissan America Latina director Jose Luis Vals said.
Renault announced earlier this year a $100 million investment to produce its Logan, Sandero and Sandero Stepway models at the complex in Cordoba.
Toyota, Volkswagen and Ford already manufacture pick-up trucks in Argentina.