02 June 2004 17:13
AVTOFRAMOS TO START PRODUCING NEW RENAULT AUTOS IN MID 2005
PARIS. June 2 (Interfax) - Avtoframos, a Russian-French joint venture, will start producing a new Renault model
called the Logan, Renault President Louis Schweitzer said during a presentation at Renault's service center outside
Paris.
The model, which was previously loosely called the X-90, will be named the Logan.
Russia will be the second country to produce the Logan, Schweitzer said, adding that Avtoframos would have capacity
to produce 60,000 such cars a year.
Interfax asked Schweitzer when a decision would be made on increasing capacity and he answered that such a decision
would be made before 2010, probably sometime in 2007.
The Logan model is targeted to be produced in Romania (where
production will begin in 2004), Iran, Russia and a number of other
countries. Schweitzer did not rule out the possibility of making a
Schweitzer said Russia plans to produce 120,000 cars at Avtoframos in the not too distant future. "I hope this
will be earlier than 2010," he said. The Logan will cost 8,000-10,000 euros in Russia.
Renault and the City of Moscow signed an agreement in February 2003 on developing car production at Avtoframos.
Renault invested $250 million to set up a capacity to produce 60,000 cars a year.
The Logan is a 'C' category car. Its development is part of a Renault decision to expand to markets outside
of Western Europe.
decision to sell Logans in Western Europe at the car's presentation. He said that the car meets European Union
safety norms. The Logan's base price is 5,000 euros in Romania. Schweitzer said the new car is modern and not very
expensive.
Renault presented the Logan sedan at the service center.
[Interfax] |
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