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Renault will invest 5.7 billion euros in its factories

Renault will invest 5.7 billion euros in its factories

French carmaker Renault introduced Wednesday's industrial strategy for the coming years, between 2010 and 2013 by announcing it will invest 5.7 billion euros in its factories. Approximately 60% of investments will be made outside France.

Renault intends to continue the process of specialization of its plants in Western Europe on the production of high added-value cars (electric cars and cars from the range of peak) and to increase international capacity (especially in Brazil, India and Russia) to meet the growth in emerging markets, writes Agerpres.

"Implantation of plants in emerging markets is essential to contribute to their strong growth and to compensate for the European market decline," it said in a statement Renault.

In this context, the plant in Tangier (Morocco) will necessarily produce low-cost cars from 2012. A second production line is expected to enter service next year.

Plant in Novo Mesto (Slovenia) will focus on the production of small cars for Europe: Twingo and Clio Campus Wind. In addition, since 2013 and this plant will produce four-seater version of the Smart model partner Daimler.

France, where Renault has seven production facilities in the heart of the program will develop electric cars. "80% of Renault's electric vehicles sold worldwide in 2015 will be manufactured in France, Renault assured. The production of electric cars will add production at the plant in Flins batteries and electric motors at the plant in Cleon, since 2013.

Referring to other plants in France, at the plant in one nine Sandouville van will be produced starting in 2013 and models from the top (ie to replace Espace and Laguna) will be produced at the plant in Douai 2014.

It also stressed that the future of Renault four factories in Spain (Valladolid, Valladolid Motores, Seville, Palencia) is assured. "

All these adjustments in the production process will be "no plant closures without social plans and without collective redundancies," said Renault CEO Carlos Ghosn.

Renault will present its new strategic plan in detail on 10 February.

Source: http://www.renault.com/

 
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