RNO Renault SA

By Noemie Bisserbe

PARIS--Car marker Renault SA (RNO.FR) said Thursday it planned to invest 162 million euros ($224.1 million) over the next six years at its Curitiba plant in Brazil to develop new vehicles and lift sales.

The group will also invest an additional EUR78 million over the next 10 years to help set up a new distribution center to supply Renault's 275 outlets in Brazil and other markets, said Renault in a statement.

Renault has been producing cars in Brazil for the past fifteen years. The French group is targeting an 8% market share in the country by 2016, up from 6.7% at the end of March.

Write to Noemie Bisserbe at noemie.bisserbe@wsj.com

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