december 20, 2012 - Renault

Renault Launches Industrial Development Project In Algeria

Renault, SNVI (Société Nationale de Véhicules Industriels, Algeria's National Company of Industrial Vehicles) and the country’s National Investment Fund (FNI) signed a shareholders’ agreement on December 19, 2012, in Algiers for the creation of a joint venture (owned 51 percent by the Algerian partners and 49% by Renault) to develop the automotive industry in Algeria and support local market growth.