Renault pumps another 178m euros in Logan

The French group Renault, owner of Automobile Dacia, intends to invest 178 million euros in the Pitesti plant, by the end of 2007, stated Jacques Abot, commercial manager of Automobile Dacia. “The purpose of this investment is to modernise the line of production, given that by the end of this year, Dacia will have made the transition from engines that comply with the Euro 3 pollution norms, to versions equipped with engines compliant with the Euro 4 standards,” said Abot. In the six years since taking over Dacia, Renault has invested 650 million euros in the Pitesti plant. Currently, the Pitesti plant produces 745 Logan vehicles per day, and intends to increase daily production to 840 units by the end of 2006. Dacia, which has another line of production in Morocco, sold 103,604 vehicles in the first six months of the year, 56,405 of which in Romania, where it is the market leader, with 40,166 units being exported to 42 markets from Western Europe, as well as from Africa or South America. The 7,033 vehicles produced in Morocco stayed on the local market. The growth in sales (by 28.5% against the same period of last year), was sustained by the number of vehicles exported, an approximately two-fold increase against the same period of last year.