Renault in Russia

MOSCOW — French automaker Renault has a hit on its hands in Russia, with its Logan world car.

In fact, the affordable compact is so popular that Renault is planning to hike production capacity here from 60,000 to 160,000 units a year. The auto company just signed a new framework agreement with the city of Moscow, its partner in the Avtoframos joint venture that builds the Logan.

The deal will add 1,000 jobs to the Moscow plant over the next 18 months. Renault also plans to add new versions of the Logan by 2009, when it expects to boost annual sales in Russia to 100,000 units.

Renault continues to hold discussions with another Russian automaker, Avtovaz, about a possible joint venture in Togliattigrad.

© Source: insideline
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