French manufacturer Renault is currently studying possibilities to set up a new plant in Algeria that would be responsible for the production of several models, including Dacia’s Logan and Sandero and its very own Symbol. According to a report by Le Monde, Renault would hold a 49 percent stake in the new joint venture while state-owned SNVI will take the remaining 51 percent share in order to comply with local regulations.
A Renault spokesman confirmed that the French carmaker is looking into… (read more)