French carmaker Renault has announced a new investment of R$500 million ($223.5 million) over the 2014-2019 period. This investment will be channeled into the development of two new cars at Renault's plant in Curitiba, in the Brazilian state of Parana.
Meanwhile, an additional investment of R$240 million ($107.2 million) over the next 10 years will support the creation of a new distribution center to supply Renault's 275 outlets in Brazil and other markets.
Renault Brazil successfully completed its previous investment plan of R$1.5 billion ($670.5 million), achieving a production capacity increase from 280,000 to 380,000 units per year at its Curitiba Ayrton Senna industrial complex.
Source:
http://www.steelorbis.com/steel-news/latest-news/renault-announces-new-investment-in-brazil-825019.htm
