PARIS (Reuters) - French carmaker Renault on Thursday said it had decided to invest over 600 million euros ($684.18 million) in a new project in Spain that includes building a new car and a new motor in its Valladolid plant in the north of the country.
The 2017-2020 project would exceed Renault's previous two investment plans in Spain, a company spokesman said, without giving any more details.
Its largest previous investment in the country had been 600 million euros.
($1 = 0.8770 euros)
(Reporting by Jean-Michel Belot; Writing by Ingrid Melander)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
