Nissan to invest $276 million in Brazil plant, new products

SAO PAULO – Nissan Motor Co on Wednesday said it will invest 1.3 billion reais ($276.12 million) in its plant in Resende in the Brazilian state of Rio de Janeiro and in launching new products between this year and 2025.

The Japanese automaker’s announcement occurred during an event to launch a new version of its Frontier pickup truck in Puerto Iguazu, Argentina.

($1 = 4.7081 reais)

(Reporting by Alberto Alerigi Jr.; Writing by Peter Frontini; Editing by Mark Porter)