Renault receives 400m EUR loan for developing new Twingo image

The French based automaker Renault has recently received a 400 million euro loan in order to start developing the new generation of the Twingo.

Renault is considering the launch of the new Twingo generation in 2014 but before work will start on the model, some money were needed, approximately 400 million euros, which were received as a loan from the European Bank. The company’s officials didn’t provide any details on the new Twingo generation just yet, but we know that the model will be based on the impressive Twin’Run Concept, which was unveiled a week ago.

As a quick reminder, the Renault Twin’Run Concept is powered by a 3.5 liter engine, the same one used on the Megan Trophy, which is good for 316 HP (235 kW) and 379 Nm of torque (280 lb-ft) at 4,850 rpm. The unit is mid-mounted and it’s mated to a six-speed sequential transmission, sending power to the rear-wheel drive. The model can accelerate from 0 to 100 km/h in just 4.5 seconds, before reaching a top speed of 250 km/h (155 mph). The Renault Twin’Run Concept is a two-seater weighing 950 kg (2,094 lbs), with 3,680 mm in length, 1,750 mm in width and 1,493 in height.