Renault says to invest 230 mln eur in Russian plant

Newswire

PARIS, Feb 26 (Reuters) - French carmaker Renault said on Wednesday it was investing 230 million euros to produce a new car model in Russia from 2005. The new X90 model would be built at the factory of its local unit Avtoframos, which will have a production capacity of 60,000 vehicles per year, the firm said in a statement. Renault Chairman Louis Schweitzer said earlier this month the firm planned to build more cars in Russia to cash in on an "auto epidemic" there and offset sinking ...

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