Key facts: Renault CEO supports 60% local sourcing rule; Ituran signs OEM deal
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Renault CEO Francois Provost backed new EU rules for local sourcing of auto parts, proposing a 60% requirement instead of 80%, to better accommodate other manufacturers.1Ituran Location and Control Ltd has signed a three-year OEM deal with Renault, focusing on the Latin American market, with possibilities for global growth.2
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