Renault investments to reach 2bn euros

Renaults” investments in Dacia will increase a great deal over the next few years, vice-premier George Copos says. “Renault”s investments in Pitesti will reach 2bn euros by 2008, as they currently stand at one billion euros,” stated George Copos, who is the vice-premier in charge of attracting investment. Copos entered the political scene at the end of last year as a senator of Pitesti for the Romanian Humanist Party (PUR, now know as the Conservative Party). This is the county where most of the industrial operations of the Ana Group held by George Copos are concentrated. Renault”s total investments in Dacia announced had reached 700 million euros at the end of last year. Investments this year and in 2006 should total approximately 150 million euros. The Dacia officials did not care to provide any comment on the expansion of the investment plans. The French manufacturer representatives had previously said, however, that they were going to boost production capacity beyond the 200,000 units initially scheduled for production at Dacia, due to the very high demand for the Logan model on the markets where it has been exported thus far. ZF