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

European Globalisation Fund set to help workers in clothing industries in Spain

The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF). more »

European Commission calls for saving time and money in cross-border legal disputes through mediation

The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level. more »

New opportunities for export of animal products to Russia as certificates enter into force

Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15. more »

World Bank President Zoellick Completes Two-Day Visit To Moldova

World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat. more »

Profit of the first half of 2010 before loan impairment charges of Danske Bank A/S Lithuania branch is 28m LTL

These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB). more »

First European Investment Bank loan to Armenia for Yerevan metro upgrade

The European Investment Bank (EIB) today signed its first loan agreement with Armenia. more »

Commission releases €14.9 million for food security to the Republic of Niger

Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area. more »

Commission approves the acquisition of joint control of Arnotts by Anglo Irish Bank and RBS

The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS). more »

European Commission approves €135 million in grants to Morocco for 2010

The European Commission today approved a new financial support package of €135 million for Morocco. more »

The Commission allocates an additional €10 million package in humanitarian aid for Liberia

The European Commission is allocating an extra €10 million in humanitarian aid for Liberia. more »