Renault SA and its Russia partner OAO Avtoframos begin production of the Logan small car at their joint venture plant in Moscow. The plant, which caps a €230 million ($296 million) investment by both firms, will produce up to 60,000 vehicles annually, with 76% ownership by Renault and the remaining 24% in the hands of the Moscow city authorities. (See related story: Renault to Double Logan Capacity in Russia) Renault says its investment in the Moscow venture is the largest by any ...
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