Which Romanian car manufacturer was bought by Renault in 1999?
Renault stockholder of VAZ, discussed Renault increasing its stake in VAZ to 50%. Following an AvtoVAZ recapitalisation in 2016, Renault holds 73.3 of the company, making it a subsidiary. In 1999, Renault acquired a 51% controlling stake from the Romanian-based manufacturer Automobile Dacia, which increased to 99.43%. As part of the Renault group, Dacia is a regional marque of entry-levels cars focused on Europe and Northern Africa which shares various models with the Renault marque. Renault acquired the car division of Samsung on 1 September 2000 in a $560 million deal for 70% of the company, eventually rising its stake to
Renault cancelled its licensing contract with Renault in the spring of 2000, and Nissan Motor Co., Ltd took over as the sole licensee, hence sales of Renault vehicles in Japan were transferred from "Yanase Store" locations to "Nissan Red Stage Store" locations. In the late 1990s and early 2000s, Renault sold various assets to finance its inversions and acquisitions, refocusing itself as a car and van manufacturer. In 1999, the company sold its industrial automation subsidiary, Renault Automation, to Comau and its engine parts division to TWR Engine Components. In 2001, Renault sold its 50% stake in bus/coach manufacturer Irisbus to