Renault to invest $250 mln to make cars in Russia

Newswire

PARIS, Feb 21 (Reuters) - French automaker Renault looks set to unveil a $250 million investment to build more cars in Russia next week, as it seeks to cash in on an "auto epidemic" there to offset sinking demand in western Europe. The investment has already been flagged by Renault, but there is still uncertainty over the exact timing. Renault in Moscow said Chairman Louis Schweitzer would hold a joint press conference with Moscow mayor Yuri Luzhkov on February 26 but declined to give ...

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