Renault is making a new start in China. French car maker wants to build with the second largest Chinese manufacturer Dongfeng Motor is a joint venture, as the Chinese newspaper "Diyi Caijing" reported on Monday.
Both companies wanted to invest to 6.5 billion yuan, the equivalent of 800 million euros. According to the paper, the mill in Wuhan in Hubei province are, it seems that the question of location still unclear. First is the Renault Koleos SUV to be built, which is currently imported from Korea to China. Renault will use for his work, the production license of its former joint venture in China.
Renault suffers like other car makers currently under the sales crisis in Western Europe and had to cope with heavy losses recently. The manufacturer had built in China since 1995 in a joint venture cars. The cooperation but suffered from changing ownership with his former partner. Dongfeng began a few years ago, negotiations with Renault. The Chinese automaker has been cooperating with the Japanese partner Nissan-Renault and Honda and the French manufacturer PSA Peugeot Citroën.
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