French automaker Renault opens first China factory

French car giant Renault opened its first car factory in China on Monday, the last major manufacturer to set up a plant in the country as it looks to tap into the world's biggest auto market. The $1.2-billion facility in Wuhan, a carmaking hub in the central province of Hubei, is a joint venture with Chinese manufacturer Dongfeng and will have an initial production capacity of 150,000 vehicles a year. China's total auto sales grew at their weakest pace in three years in 2015, as a slowing econom