Renault finalises 600 million euro investment in Moroccan plant
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Renault-Nissan signed an accord Friday with the Moroccan government for what it says will be one of its largest automobile-making operations in the world, set to be constructed near Tangiers.
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SEOUL The chairman of the French automaker Renault announced on Tuesday that it would invest 600 billion won in its South Korean operation, Renault Samsung Motors, to develop a sports utility vehicle and engine production facilities.
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Renault and Nissan are joining forces with Indian firm Mahindra to build a new $900m car plant.
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A US judge approved a 600 million dollar settlement with Credit Lyonnais and the French government over the disputed 1991 purchase of failed insurer Executive Life, an official announced.
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Shares in French automaker Renault gained ground Friday after the company confirmed that it was considering production of a low-cost vehicle earmarked for emerging market countries.
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German-American auto maker DaimlerChrysler AG said Thursday it will invest US$210 million (euro168 million) to update an assembly plant in the northern Mexican state of Coahuila.
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LONDON, November 30  - Renault SA (RNL.FSE) announced its plans today of investing $573.1 million (600 billion won) over the next three years in Renault Samsung Motors, the companyâs South Korean affiliate.
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French automaker Renault has reported a nearly 15-percent slide in net 2006 earnings but said it was banking on emerging markets and new models in Europe to boost sales this year.
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Talks of a three way alliance with Renault and Nissan ended after G.M. demanded billions to cement the deal.
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ROME Enel, the largest Italian utility, said Friday that it would receive E1.9 billion in investment compensation from the government as it sells most of its stake in the power grid operator Terna.
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According to fdi.gov.cn: According to Germany-based Bayer Group, it has laid down a latest investment plan for 2009 in China. The plan will enable 1.8 billion euro of additional investment in Bayer's new synthetic material production project in Shanghai.
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Il gruppo francese pronto ad investire 200 mln di dollari
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The trading company Sumitomo said it and three partners planned to invest about $3.3 billion to develop a nickel project in Madagascar amid increasing worldwide demand for nonferrous metals. Sumitomo and the Korea Resources Corporation of South Korea will join with two Canadian companies, the Sherritt International Corporation and SNC Lavalin, to develop a nickel mine, build smelters and create shipping infrastructure, the company said. Production is expected to begin in the second half of 2010, said Sumitomo, based in Tokyo.
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French car maker Renault said that it was ready to discuss an alliance with General Motors, but invited the struggling US manufacturer to initiate discussions.
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The French government today announced plans to sell a 9.6 per cent stake or 236 million shares in France Telecom via a placement to institutions, in a bid to reduce public debt.
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Investment in manufacturing plant in Lodz could reach $321 million and include 1,000 workers.
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The Nanjing Automobile Corporation, which bought the remaining MG assets two years ago, is about to restart production in China.