Renault Group to invest 266m euros in 2007

The Renault Group will invest some 200 million euros in Automobile Dacia in 2007, on top of which a further 66 million euros will be invested in the future gearbox manufacturing plant, the Romanian automotive producer announced yesterday. “In 2006, Dacia saw investments worth 142 million euros. Another 16 million euros were invested in building the future gearbox manufacturing plant, set to open in 2008. Investments conducted by the Renault Group in Dacia, after its takeover in 1999, amount to a total of 772 million euros,” reads a company release, sent to the MEDIAFAX agency. In 2006, Automobile Dacia posted a net profit valued at 100.6 million euros and an operating margin in its turnover of 6.9%, which neared 1.55 billion euros amid strong sales increase influenced by the commercial success of the Logan range. Automobile Dacia’s business increased 29% against 2005, while the net profit doubled, stated the company release.