This Week:

• GM’s Head Start On Inflation Monitors Keeps Millions In Touch With Their Tires
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• BMW Celebrates Record Quarter In US; Year-to-Date Sales up
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• From the inventor of TDI: The two-millionth Audi diesel - an A2 1.2
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• New milestone in lighting technology: HP bulb lasts the entire service life of a vehicle
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• Gary Convis Named President of Toyota Georgetown Plant, Becomes First American to Head Vehicle Plant in North America
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• Jean-Baptiste Duzan has been appointed Chairman and Managing Director of the new Renault-Nissan joint global purchasing organization
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• Micro Compact Car smart GmbH: Ekhard Kaltenbrunner is the new plant manager at smartville in Hambach
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• "Ford & ISO 14001" Provides Roadmap to Environmental Savings
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• Renault set to make Dacia a global entry-level brand
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• Mitsubishi Motors Reports Record First Quarter and Best-Ever March
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• Cadillac Rolls Out 2001 Cadillac Northstar LMP

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News of  April 04, 2001

Renault set to make Dacia a global entry-level brand

Paris - On September 29, 1999, Renault acquired 51% of the capital of the Romanian car maker Dacia, amounting to $50 million. Renault has since increased its equity stake to 80.14% and put the entire company on track for rapid, wide-reaching modernization. By 2004, Dacia will have invested a total of E356 million in a revival plan, excluding capital expenditures for the E5,000 vehicle. Renault's goal is to turn Dacia into a brand that is "modern, rigourous and attentive to the needs of its customers", to support the growing car population in new automotive markets. In 2010, Renault will produce more than 500,000 vehicles under the Dacia nameplate worldwide, of which 200,000 will be made in Romania...

(April 2, 2001)

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