SAO PAULO, Reuters – Nissan Motor Co (OTC) announced Wednesday that it would invest 1.3 billion reais (276.12 Million) in Resende, Brazil’s state of Rio de Janeiro. It also plans to launch new products in this and next years.

An event was held to unveil a new Frontier pickup truck by the Japanese automaker in Puerto Iguazu (Argentina).

($1 = 4.7081 reais)