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Renault invests €150 million to keep Aveiro factory open for “15 to 20 years”

Renault is investing €150 million to keep its factory in Cacia, Aveiro running for another “15 to 20 years”.

The decision follows a deal struck between the company and the factory’s workers on Monday (September 26), says national media.

The factory will focus on producing a new gearbox for Renault cars manufactured in 2018 and 2019.

The agreement also includes “salary increases” and the “possibility of hiring 150 more temporary workers”.