BUSINESS

Logan and Sandero may be made with Great Wall in Venezuela

Renault is looking at the possibility of making Logan and Sandero vehicles together with the Chinese Great Wall company in Venezuela, using part sets imported from Columbia where the Logan has been in production since 2005, Automotive News notes, according to Hot News.ro. Venezuela may become the ninth country of manufacturing for the Logan model.


Renault and Great Wall in June signed a letter of intention for carrying out a feasibility study in connection with the development of vehicles customized for the Venezuelan market. Production should start at a plant currently owned by a local partner of the Chinese company, in the Province of Carabobo, 150 Km from the capital Caracas.


The plant should build 22,000 vehicles every year, of which 15,000 for Renault and the rest for the Chinese. The Logan saloon – also on gas – and the Sandero hatchback may be manufactured in Venezuela. The spare part sets would be brought from Columbia, where the Logan has been produced and sold with the Renault brand name for four years. Renault sold about 10,000 cars in Venezuela last year, a lot less than the 28,000 it had sold in 2007. If plans turn into reality, Renault will invest USD 10 M and Great Wall USD 65 M. Venezuela would be the ninth country to manufacture the Logan model.

Related posts

2012, best year for investments in energy

Nine O' Clock

Fitch: Local banking sector-weak performance in 2013, negative outlook for 2014

Nine O' Clock

NEWS IN BRIEF

WP2Social Auto Publish Powered By : XYZScripts.com