The respective part pertains to activities related to combustion and hybrid engine research, development, production and trade, with this to be transferred to Renault Mecanique Roumanie, in exchange for Automobile Dacia SA shareholders being awarded shares in Renault Mecanique Roumanie.
The split-off comes amid the global reshuffling process regarding the split-off activity.
Renault Mecanique Roumanie (RMR), the company set up in 2008 for the production of gear boxes in the wake of EUR214 million investments, is thus set to also include engine production, but also the aluminum foundry and will be part of Horse ecosystem, the company held by Renault and Geely, in charge of combustion engine production and design.
Luca de Meo, Renault group CEO, stated during the Capital Market Day conference he counts on boosting the profitability of Dacia brand, which, beside Bigster, is set to launch another two new compact models in the next two years.
(English version by Catalina Apostoiu)