03.03.2010, 12:34
Renault to Double Russian Output, Invest USD 200 Million
OREANDA-NEWS. March 03, 2010. Renault SA, France’s second-largest automaker, will spend 6 billion rubles (USD 200 million) to double production in Russia as car sales there rebound.
The investment will boost capacity at Renault’s Avtoframos factory in Moscow to 160,000 vehicles a year, Renault Chief Executive Officer Carlos Ghosn told reporters in Moscow today.
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