Renault looks at Daewoo plant in Romania for Logan production

Published: 1 October 2004 y., Friday
French auto maker Renault is in talks with the Romanian government to purchase an abandoned automobile production site in Romania owned by Daewoo of South Korea to boost production of its Logan model, French Industry Minister Patrick Devedjian said Monday. However, Renault in Paris denied this. Devedjian said here at the start of construction of a new wastewater treatment site by French group Veolia Environnement: "The Logan has been wildly successful in Romania. Renault fears that it does not produce enough of this car," . "Renault is in talks with the Romanian government to evaluate the purchase of a factory that belongs to Daewoo and which has been abandoned," he said. However, in Paris a Renault spokesman said there were currently no talks under way with Romanian officials and that demand growth for the Logan was "very normal". But he did say: "Depending on growth in demand for the Logan, Renault will have to study options for increasing production capacity." Since the launch of the Logan low-cost car in early September in Romania, Dacia has sold about 3,000 units and 14,000 people have signed onto a waiting list to buy the budget car. The Logan, to sell for about 5,000 euros (6,127 dollars), was developed by Dacia and its French parent Renault for emerging markets and built following a renovation of the Romanian car maker's creaking plant near Pitesti, northwest of Bucharest.
Šaltinis: AFP
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Taxation: Removing cross-border tax obstacles for EU citizens

Today, the Commission published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions. more »

State aid: Commission opens in-depth investigation into Hungarian support measures for national airline Malév

The European Commission has opened a formal investigation under EU state aid rules to examine a number of support measures, including several capital injections and shareholder loans, that the Hungarian authorities granted to Malév-Hungarian Airlines in the context of its privatisation and subsequent renationalisation. more »

Fake Chinese products spread

Internet and lax customs enforcement drive growth of 600 billion US dollar counterfeit goods industry. more »

Report: millions escape poverty

350 million people rose out of poverty in the past decade, but 1.4 billion are still extremely poor, says the latest report into rural poverty. more »

Getting more people into better jobs

New plan sets out action to reach 75% employment target for the EU by 2020. more »

Innovation Union: three new European research infrastructures on wind, solar and nuclear energy announced

Research Ministers of the EU Member States and Associated Countries, together with the European Commission, are announcing in Brussels today three new pan–European energy research infrastructures. more »

Commissioner Šemeta visits Moscow to strengthen EU-Russia customs cooperation

Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-fraud, is visiting Moscow today to discuss ways in which customs cooperation between the EU and Russia can be reinforced. more »

ECB must go on participating actively in tackling the economic crisis

Following on from Monday's debate with ECB President Jean-Claude Trichet, MEPs on Tuesday adopted a resolution, by a show of hands, gauging the ECB's performance in 2009 and suggesting actions to be taken in view of the economic situation. more »

Parliament approves aid to unemployed people in the Netherlands

The European Parliament today approved €10.5 million in European Globalisation Adjustment Fund aid to over 3,000 people in the Netherlands who lost their printing and publishing sector jobs last year, due to the economic crisis. more »

France unveils Taj Mahal gold coin

A diamond-studded gold coin engraved with a picture of the Taj Mahal and worth 100,000 euros is unveiled at the Paris mint. more »