Renault is a French multinational vehicle manufacturer established in 1899. The company produces a range of cars and vans. In 2013, Renault was the third biggest European automaker and the ninth biggest automaker in the world by production. Headquartered in Boulogne-Billancourt, the Renault group is formed by the namesake Renaultmarque and subsidiaries Automobile Dacia from Romania and Renault Samsung Motors from South Korea. Renault has a 43.4% controlling stake in Nissan of Japan, a 25% stake in AvtoVAZof Russia and a 1.55% stake in Daimler AG of Germany. Renault also owns subsidiaries RCIBanque (providing automotive financing), Renault Retail Group (automotive distribution) and Motrio (automotive parts). As part of the Renault–Nissan Alliance, the company is the fourth-largest automotive group.Together Renault and Nissan are undertaking significant electric car development, investing €4billion in eight electric vehicles over three to four years from 2011.The Renault group has a network of 5,116 sales outlets across France, with 53,200 employees. Sub-contractors employ some 70,000 people in France to make the parts necessary to build andservice Group vehicles. Renault‟s R&D spending and investment expenditure, reflect the essential role played by the Group's national base. France accounts for 80% of spending in research and development. Industrial investment is also largely concentrated in France. Between 2002 and 2013, the Group invested no less than €8 billion in France.