Friday, June 22, 2007

Renault to invest 100 mln eur in new engineering division in Romania

PARIS (Thomson Financial) - Renault said it plans to invest 100 mln eur over the next two years in Renault Technologies Romania (RTR), a new engineering division that will develop vehicles and equipment to be produced or sold in Central and Eastern Europe.

Like existing regional centres in Brazil and Korea, RTR will form part of the Renault (other-otc: RNSDF.PK - news - people ) Engineering global function, which is responsible for developing eight new models per year under the group's programme to 2009.

According to Renault, RTR will operate across three sites in Romania: a design office in Bucharest; the Pitesti production plant; and a future test centre to be launched in the second half of 2009.

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