Renault Speeds Expansion Drive In Latin America

The trend of European carmakers seeking growth in Latin America is gathering pace. After France's PSA Peugeot Citroën announced plans in April 2010 to invest EUR135mn (US$200mn) in Argentina, its compatriot Renault is preparing to increase its market share in the region by building vehicles adapted to local tastes at its Santa Isabel plant in Cordoba, Argentina.

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