Renault Argentina is the Argentine subsidiary of the French car manufacturer Renault.
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13 Facts About Renault Argentina
2.
Renault Argentina was officially established in 1975, but the French company had a long presence in Argentina before that.
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3.
In 1967, Renault took control of Industrias Kaiser Argentina by acquiring a majority stake, renaming it IKA Renault SAICF.
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4.
Renault Argentina was manufacturing 70 vehicles per day with an installed capacity up to 400 and it had an aged, overly large workforce.
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5.
When Carlos Saul Menem assumed the Argentine presidency, the markets were opened and Renault ceased many of its minor operations in Argentina, improving its economic situation.
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6.
Renault Argentina only had to pay if the company made profits and received ARS100 million from Renault.
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7.
Renault Argentina was renamed Compania Interamericana de Automoviles SA or CIADEA, S A The actual ownership of it was transferred to a holding called Compagnie Financiere pour l'Amerique Latine or Cofal, from which Antelo owned two-thirds and the rest was from Renault of France.
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8.
Renault Argentina introduced the Renault 19 and Renault 9 and became one of the leading automakers.
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9.
In 2005, Renault Argentina ordered to its stock operations company, Renault Argentina Developpement Industriel et Commercial, to launch a takeover bid for its shares, leaving the stock exchange in 2006.
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10.
Two years later Renault Argentina started to manufacture its own pickup model, the Alaskan.
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11.
In 2006, the 50th anniversary of its inauguration, Renault Argentina organised a commemorative parade where participated all the vehicles produced at the plant since 1956.
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12.
Renault Argentina manages a sporting division called Renault Sport Argentina.
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13.
In TC2000, Renault Argentina achieved a great success with the Argentine-built Renault Argentina Fuego during the 1980s and 1990s.
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