Brazil

• Nissan to invest 2.6 billion reais (US$1.5 billion, or €1.1 billion) to build new plant in Resende and develop new products for Brazil
• Renault to invest 500 million reais (US$285 million or €212 million) to expand plant in Curitiba   
• Companies to increase combined annual capacity to 580,000 vehicles and launch 23 new models in Brazil in the next five years

“...I want to talk about the financial meltdown of 2008 and 2009… about how governments intervened during this time of crisis… and about how those interventions have changed the course of the global automobile industry for years to come.  “