UPDATE 1-Renault to invest 230 mln euros in Russian plant

Newswire

(Adds details, background) PARIS, Feb 26 (Reuters) - French carmaker Renault plans to spend 230 million euros to build a new car model in Russia from 2005, the biggest investment by a foreign carmaker in the lucrative new market, it said on Wednesday. The new family saloon X90 model would be built at the factory of Renault's local unit Avtoframos, which will employ some 2,000 staff and should reach annual production of 60,000 vehicles after two or three years, the firm said in a ...

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