Renault to invest 200 mi euros for new model

Renault to invest 200 mi euros for new model

Oyak Renault, the Turkish enterprise of French car maker Renault, has announced that it will produce its new Megane Sedan model in Turkey.


8 September 2016 10:47
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The company will invest 200 million euros in the production, Oyak Renault General Manager Tunç Başeğmez said at a Sept. 7 event in Bursa, the heart of car-manufacturing in Turkey.

Some 80 percent of the Renault Megane Sedan cars produced in Turkey will be exported, Başeğmez vowed, adding that the industrial production had already begun.

He said the company plans to hit output of 90,000 items during the production life of the model, while the total production schedule included 500,000 items.

Separately, Reuters quoted company sources as saying that Renault expects diesel engines to gradually disappear from most of its European cars, after the French automaker reviewed the costs of meeting tighter emissions standards following the Volkswagen scandal.

The sober reassessment was delivered at an internal meeting before the summer break. It shows how, a year after VW admitted engineering software to cheat U.S. diesel emissions tests, the repercussions are forcing major European carmakers to rewrite strategic plans that will shape their futures for years to come.

Renault and domestic rival Peugeot, both heavily invested in diesel technology, initially scrambled to defend its future viability after the VW crisis erupted.






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