Saturday, January 21, 2012

Renault COO: the Joint planning with Dongfeng Motor is expected to be finalized during this year

Renault COO Carlos Tavares has expressed the final contract joint with Dongfeng Motor is expected to be signedin the year 2012.

Renault Motor's second commander Carlos Tavares said: "We are working with the Chinese government and relevant departments of the Chinese consultation, and strive to obtain permission from Renault production into China and we hope to work with China in 2012 signed a final contract, let us from the industrial level in China to strengthen ourselves. "Tavares, but did not disclose the details of the investment required data.

Renault Motor auto photo

Before the Detroit Auto Show, Renault CEO Carlos Ghosn revealed that Renault joint venture with Dongfeng Motor's vehicle in 2014 to 2016 production; while Dongfeng Motor Corporation will become the Renault car of all projects in China the only partner, and the production of cars in China will not be for export, all for the Chinese domestic market.

According to Renault official financial figures, the Group retains the free operation of the cash flow last year more than 500 million euros (6.35 billion U.S. dollars) of the target plant will provide funding support.


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