UPDATE 1-Renault, Nissan sign MOU in India for car facility

Newswire

(adds details) PARIS, Feb 22 (Reuters) - Renault and Nissan have signed a memorandum of understanding with the government of India's Tamil Nadu for the development of an automotive facility, the companies said on Friday. The deal is a 50:50 joint venture between the state and the two companies, which are committed to investing 780 million euros for an installed capacity of 400,000 vehicles a year within seven years, the statement said. Production at the integrated greenfield automotive ...

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