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More HORSEpower for Madrid
HORSE, the new Renault company, will be based in Madrid.
Romania, which produces the Dacia range, was competing with Spain to be chosen by the joint venture initiative between Renault and the Chinese automotive company Geely. Instead, the June 14 announcement has underlined Renault’s commitment to Spain, its secondmost important industrial hub after France.
The new company, Horse, will focus on developing internal combustion engines, hybrids and new technologies including efuels, although the announcement will not have immediate investment repercussions.
Nevertheless, the presence of Horse in Madrid will put Spain at an advantage regarding decisionmaking by a company that foresees an annu al turnover of €15 billion for its 15 production plants worldwide.
Renault’s currently operates a gearbox factory in Sevilla and an engine factory in Valladolid, both of
