PARIS -- Renault said it will invest more than 600 million euros ($684 million) in a project in Spain that includes building a new car and a new engine in its Valladolid plant.
The 2017-2020 project would exceed Renault's previous two investment plans in Spain, a company spokesman said on Thursday, without giving any more details.
Renault's largest previous investment in the country had been 600 million euros.
Renault builds the Captur subcompact SUV and Twizy four-wheel electric scooter in Valladolid, according to Automotive News Europe's Guide to European Assembly Plants.
Editor's note: An earlier version of this story incorrectly stated that the Renault Clio was still built in Valladolid, Spain. Production of the third-generation Clio ended in 2013. The current-generation Clio is manufactured at the automaker’s plants in Dieppe and Flins, France.