Nissan Americas has signed a new Memorandum of understanding with new business partner Manuel Antelo, in order to increase its presence in Argentina.
The new arrangement is scheduled to begin in late 2011, which will strengthen Nissan's sales, service and distribution operations in Argentina and provide sustainable growth in the country.
Renault Argentina, Nissan's present distributor in Argentina, will continue to support the company's business through the end of 2011, whereas at that time responsibility for Nissan branded products in Argentina will be assumed by Antelo.
Nissan Americas chairman Carlos Tavares said that while Renault Argentina has been a key contributor to the success of the Nissan brand in this country, the company knows that distinct business structures are now the best roads for both brands' business growth in Argentina.
"By forming a separate Nissan operation we allow Renault to concentrate on its business while positioning the Nissan brand for growth acceleration in this market which reinforces our long-term commitment to Argentina," Tavares said.
Antelo is currently owner and president of CAT Group, a French multinational company specializing in vehicle and parts logistics.
