French car manufacturer Renault plans to invest €5.7 billions in its car plants in Europe within 2013, of which 40% will be in France. The firm, which has been bailed out with a €3 billions loan in 2009, is now 15% owned by the French government.
Renault expects to see a 50% growth in the car market of the emerging countries by 2016. At the contrary a decline is foresee in Western Europe, where the company will adapt capacity and focus on high added value products, like electric cars, batteries and light commercial vehicles.
