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Renault to build new car in Spain, invest over 600 mln euros

Reuters
Raindrops cover the logo of French car manufacturer Renault on a automobile seen in Paris, France, in this January 14, 2016 file photo. REUTERS/Christian Hartmann/Files (Reuters)

PARIS (Reuters) - French carmaker Renault on Thursday said it had decided to invest over 600 million euros (472.13 million pound) in a new project in Spain that includes building a new car and a new motor in its Valladolid plant in the north of the country. The 2017-2020 project would exceed Renault's previous two investment plans in Spain, a company spokesman said, without giving any more details. Its largest previous investment in the country had been 600 million euros. (Reporting by Jean-Michel Belot; Writing by Ingrid Melander)