French auto maker Renault SA will take over Sofaven S.A., the Renault importer in Venezuela. Renault Logan Sofaven, currently owned by Colombian auto maker Sofasa S.A., will change its name to Renault Venezuela S.A. and will be wholly owned by Renault. The transfer will be completed within the next few weeks. Renault sold 1,439 cars and light-commercial vehicles in Venezuela last year and reached 2.3% market share. In the first five months of 2004, 1,859 Renault vehicles were ...
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