The plans for the production of a new Renault model at Slovenian car maker Revoz are back on track after successful adjustments were made to the car.
According to Novo mesto-based Revoz, Renault is now ready to proceed with the production of a successor to its popular mini, Twingo.
The news comes three months after it was revealed that Renault had decided to go back to the drawing board with its "X44 project" as it has been dubbed.
Revoz said on Monday that Renault is convinced in the success of the new vehicle, which is expected to hit the production line in 2007, a year later than initially planned.
Renault is now ready to invest all its energy in the successful launch of the new car, Revoz said in the statement.
The plans for a new model were taken back to the drawing board in August at the behest of Renault president Carlos Ghosn, who asked that the company reexamine the viability of the project for the entirety of its expected lifespan.
The request led to a number of touch-ups being made to plans for the car, especially its design, Revoz said.
Moreover, Revoz announced that the efforts have also led to a significant cut in the expected production costs because of lower prices for individual parts.
The project has been earmarked for state aid and Economics Minister Andrej Vizjak told the press in October that the government is ready to provide the first installment of EUR 12.5m to Revoz.
More articles from this issue:
Archive
|