Wednesday, June 27, 2007

Renault to invest E100 million in Romania

Source: Automotive Business Review online

Renault is planning to expand its international development program with an investment of E100 million over the next two years on Renault Technologies Romania. The country will act as a regional engineering center, with three locations developing vehicles and powertrains for the surrounding markets.

The center is expected to employ around 3,000 people by the end of 2009. Renault Technologies Romania will function under the Renault Engineering global function, which aims to develop eight new models every year as part of Renault's plans to release 26 new models by 2009. The center will focus on engineering functions (design and testing), along with purchasing, design and support (management, human resources, IT) functions.

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