Renault Expands Investment in Brazil

Renault SA says it will spend €240 million in Brazil over the next 10 years to build a parts distribution center and prepare its factory in Curitiba to produce two new models.

The company will invest €162 million by 2019 in the Coritiba complex and €78 million by 2024 on the logistics facility. The latter operation will support Renault's 275 retail outlets in Brazil and supply components to company operations throughout Central and South America, Africa and France.