Dacia Asked For RON42M In State Aid In 2010 To Build New Logan Model

05.01.2011 By Ioana Tudor

Romanian carmaker Automobile Dacia asked for 42.4 million lei (EUR10.5 million) in state aid last year to develop the X 52 project concerning a new Logan model to be launched in 2012.

In 2010, Dacia received non-reimbursable funds amounting to RON20 million to open a production line for the new family of Euro 5 engines. The funds were granted through the operational program "Increasing Economic Competitiveness," co-financed from the European Regional Development Fund.

Logan was launched in June 2004 and has six versions - Logan, Ambiance, Preferance, Laureate, Prestige and Black Line.

Dacia, owned by French Group Renault, posted turnover of RON11.4 billion last year, up 26.6% on the year.