Renault is a French automaker producing cars, vans, and in the past, autorail vehicles, trucks, tractors, vans, tanks, and also buses/coaches. Its alliance with Nissan makes it the fourth-largest automotive group. Together Renault and Nissan are leading electric car development among major car companies, investing 4 billion euros ($5.16 billion) in eight electric vehicles over the next 3–4 years. Headquartered in Boulogne-Billancourt, Renault owns the Romanian automaker Automobile Dacia and the Korean automaker Renault Samsung Motors. Renault also owns subsidiaries RCI Banque (providing automotive financing) and Motrio (automotive parts). Renault Trucks, previously Renault Vehicules Industriels, has been part of Volvo Trucks since 2001. Renault Agriculture became 100% owned by German agricultural equipment manufacturer CLAAS in 2008.
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