Renault to build new car in Spain, invest over 600 million euros

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)