Renault received a 400 million euro ($517 million) loan from the European Investment Bank (EIB) and according to Automotive News it will use the money to finish developing the new Twingo minicar.
Set to be launched in 2014, the new Renault Twingo will share a rear-wheel-drive platform with the new Smart ForFour as part of an alliance between Smart's parent, Daimler, and Renault-Nissan.
An electric version of the Twingo will also be produced and will be inspired by the Twin’Z Concept.
The loan was received by Renault as part of EIB's support for environmentally friendly and affordable vehicles, as supporting innovation in the aut industry is one of their priorities.
EIB also added that the much of the money will be sued to develop lightweight materials for the design in order to reduce the vehicle’s weight and improve aeodynamics.
Renault introduces a new collection of roof decals for the new Twingo aside from the 10 options you already have available. There are five new ones to add to your list of choices. Each decal is factory-fitted and gives a bold and attractive personality, along with contrasting motifs for a different visual feel. Two of the new decals may be coordinated with your Twingo’s interior and upholstery.
You can also pick different colors for your door mirrors and for the tips of your car’s protective side moldings. These color choices contrast with the Twingo’s main body color for a more striking effect. Whether you opt for “radical” or “graphic,” the result is guaranteed to be personal and elegant. A fun online configurator helps roll out this personalization system. Renault is making this customization affordable with attractive pricing.
The design of the new Renault Twingo is a combination of compact exterior dimensions and spacious interior. This roomy city car offers you 22 centimeters of knee room, making it one of the very best in its segment. Additionally, the Twingo’s reputation has always centered on its versatility and practicality, with features like separate sliding 50/50-split rear seats.
Moreover, its boot capacity can be extended from 230 dm3 to 959 dm3, and its available cubbies and ingenious solutions combine to make the car your perfect partner on the road.
What’s more, the new Twingo features powerplants that enable the car to cover long distances. It has a 1.2 TCe 100hp engine that generates a peak torque of 155Nm from low revs, allowing for a driving experience similar to that of a larger-capacity engine, yet with more fuel economy. The Twingo's flagship engines – including the dCi 75 diesel engine, the dCi 85 diesel engine, and the 1.2 16V 75hp petrol engine – have benefited from continuous improvements.
And all these, combined with aerodynamic fine-tuning, results in significantly less fuel consumption and greenhouse gas emissions while still delivering optimum driving enjoyment.
In fact, the Renault Twingo dCi 75’s and 85’s fuel consumption of 3.4 liters/100km counts as among the most economical in its class. Furthermore, from 2012, the brand will be able to achieve benchmark emissions standards of 85g of CO2/km for both the Twingo dCi 75 and dCi 85, and 102g/km for the 1.2 16V 75hp petrol engine.
The new Twingo is one of the very few available city cars with Euro5 diesel engines offering a healthy combination of performance and fuel efficiency.