Renault

Hyundai Launches New Elantra in Indian Market for Rs 12.5 Lakh

Hyundai Launches New Elantra in Indian Market for Rs 12.5 LakhAuto major Hyundai Motor India has launched new variant of Elantra in Indian market in the price range of Rs 12.5 - 15.8 lakh. Fluidic Elantra 2012 is contender for car of the year in US market. Elantra comes in 7 variants including of four in diesel and three in petrol.

Renault comes out with a fascinating new scheme

Renault comes out with a fascinating new scheme There is good news for Algerians. The renowned French car maker, Renault is proposing to establish a plant in the country. The plant will be able to make 75000 cars which will be in 4 models.

Algerian Minister of Industry Mohamed Benmeradi has stated that Renault's new scheme appears to be quite fascinating. He said this during a discussion session that was planned by state daily Al-Mujahid.

Renault to take controlling stake in AvtoVAZ

Renault to take controlling stake in AvtoVAZIn 2008, Renault, the French car maker had bought 25 percent stake in ActoVAZ, the Russia's car maker which is based in Togliatti. The deal cost Renault a cool $1 billion.

The other stake holders were the State-controlled conglomerate Russian Technologies and investment bank Troika Dialog e. Each company owned 25 percent stakes of the company and the remaining stakes were owned by small investors.

Renault deal terminated by ING

ING, the main sponsor of Renault, has immediately terminated its contract with the Formula One team, amidst the controversy of race fixing. The contract, in any case, was nearing its end this season.

Following this controversy, large portion of the budgetary support for the Formula One team has also been stopped.