Another Europe News
Renault gears up for China joint venture – economy
Renault has finally won approval from the Chinese authorities to begin production there in a joint…
euronews, the most watched news channel in Europe
Subscribe for your daily dose of international news, curated and explained:http://eurone.ws/10ZCK4a
Euronews is available in 13 other languages: http://eurone.ws/17moBCU
http://www.euronews.com/2013/12/05/renault-gears-up-for-china-joint-venture
Renault has finally won approval from the Chinese authorities to begin production there in a joint venture with the Dongfeng Motor Group.
That comes after almost a decade of negotiations with China’s second-biggest carmaker.
The new venture will produce cars and engines under both companies’ brands, with initial annual capacity of 150,000 vehicles.
It is good news for Renault’s growth prospects but could complicate efforts by its struggling French rival Peugeot to expand its own partnership with Dongfeng.
Find us on:
Youtube http://bit.ly/zr3upY
Facebook http://www.facebook.com/euronews.fans
Twitter http://twitter.com/euronews
source
You must be logged in to post a comment Login