Renault hopes to have approval for Chinese plant by summer: CEO

PARIS Sat Apr 27, 2013 5:18am EDT

Carlos Ghosn, chairman and chief executive officer of French carmaker Renault, speaks with journalists during a meeting to promote the new electric car Renault Zoe in Lisbon March 14, 2013. REUTERS/Rafael Marchante

Carlos Ghosn, chairman and chief executive officer of French carmaker Renault, speaks with journalists during a meeting to promote the new electric car Renault Zoe in Lisbon March 14, 2013.

Credit: Reuters/Rafael Marchante

PARIS (Reuters) - Renault-Nissan (RENA.PA) hopes to receive final approval from Beijing by the summer to build its first Renault plant in China, Chief Executive Carlos Ghosn said on Saturday.

Ghosn had said last month he expected final government approval for the plant by the end of the year.

"Renault already has a plan for China, which is ready, and currently being negotiated with the Chinese government, and I hope we will have all agreements before the summer," Ghosn told French radio Europe 1.

He added that French President Francois Hollande's visit to China this week would help the carmaker over the administrative hurdles.

(Reporting by Gilles Guillaume; Writing Sybille de La Hamaide; Editing by Greg Mahlich)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article