BRASILIA, Brazil (AP) -- Carmaker Renault-Nissan says it plans to double its market share in Brazil by 2016.
The automaker's president and chief executive Carlos Ghosn says the company will enlarge its factory in the southern state of Parana where Renault and Nissan models are manufactured. The company will also build a new plant to produce Nissan vehicles in Rio de Janeiro state.
Ghosn spoke Saturday at a news conference in Brasilia shortly after meeting with President Dilma Rousseff.
He says Renault-Nissan's market share in Latin America's biggest economy will be 13 percent by the end of 2016 compared to its current 6.5 percent.
Ghosnn says he will announce investment and production details next week in Parana and Rio de Janeiro.