Renault Venezuela and the country's Industry Ministry have inked a letter of intention to create a vehicle assembly plant, although the signature only confirms a feasibility study for local car production.

Separately the first Training Centre for Automotive Mechatronics -the systematic combination of mechanics, electronics and real time information technology - has opened at the Dr. Federico Rivero Palacio University Technology Institute of the University of Caracas.

This centre is the result of a joint project between the Venezuelan Ministry of the People's Power for University Education, the French Ministry of National Education and Renault Venezuela.

The centre will enable 60 students each year to obtain an automotive technician diploma.