Renault announces R$1.1 billion investment in Brazil

Factors such as the high and complex tax burden, logistics, manufacturing and labor costs have put Brazil on hold for major automakers.

RIO DE JANEIRO, BRAZIL - On Monday, March 1st, Renault announced that it will invest R$1.1 billion (US$197 million) in Brazil this year and in 2022. Unlike past years, when the programs were set for five-year terms, this time the company decided for the short-term and will continue to negotiate with the parent company contributions for the following years. However, the company says that a new investment cycle will depend on the improvement . . .

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