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Archive for Category: "Renault"
Renault global sales up 8.3% in April
French automaker Renault said on Friday its global unit sales rose 8.3 percent from a year earlier to 228,146 vehicles in April. Renault has set a 2008 sales growth target of 10 percent for 2008. It said its April sales in the European market, which increased 7.8 percent overall in the month, rose 3.5 percent [...]
Renault eyes world's cheapest car
Renault-Nissan has announced a joint venture with Indian firm Bajaj to produce a $2,500 (£1,276) car. The vehicle, so far known only as Codename ULC, will cost about the same as Tata Motors' Nano – which it has claimed is the world's cheapest car. India will be the ULC car's main market with 400,000 to [...]
Renault's Ghosn says electric car draws Gulf interest
The head of French automaker Renault, Carlos Ghosn, said Thursday that a country in the Gulf region is interested in his company's environmentally friendly electronic car project. “We are negotiating to launch an electric car with a Gulf state,” Ghosn told a news conference here near Lisbon. Renault, which controls Japan's Nissan Motor, plans to [...]
Renault takes stake in Russia's Avtovaz
French carmaker Renault on Friday signed a billion-dollar deal to buy a stake in Lada-maker Avtovaz, Russia's biggest auto producer, in a push into the country's booming car market. Renault chief executive Carlos Ghosn signed off on the landmark deal at a ceremony in Moscow that ended a years-long race by foreign investors to take [...]
Renault to sign deal with Avtovaz on February 29
French carmaker Renault will sign a deal to buy a stake in Russia's biggest auto producer Avtovaz on Friday, state industrial giant Rosoboronexport said in a statement. The two carmakers were also to sign an agreement on “strategic partnership.” The deal calls for Renault to buy a 25 percent plus-one-share blocking stake for between 1.1 [...]
Renault Unleashes Twingo Extreme
Renault has yet to launch another U.S. invasion, but in the meantime, it's highly amusing to watch how the French company is courting our cousins in the United Kingdom. On Tuesday, the automaker launched the entry-level Renault Twingo “Extreme,” which is most notable for its unusual list of options. These include “Cross of St. George [...]
Renault-Nissan signs deal to sell electric cars in Israel
French automaker Renault-Nissan signed a preliminary agreement Monday to supply electrically powered vehicles to the Israeli market starting in 2011, the parties to the deal said Monday. The accord was signed in Jerusalem by Renault-Nissan and the Israeli group Project Better Place, established by Israeli investor Shai Agassi. Renault will provide the vehicles and Project [...]
Renault to roll out 12 new models in global assault
French carmaker Renault is to unveil 12 new models next year — including several low-cost autos — in an aggressive global strategy to turn around stagnating sales, the company said Wednesday. Company chief Carlos Ghosn told a media conference in Brazil that Renault was also looking at making a new budget car in India costing [...]
Russians select Renault over GM
General Motors Corp. has lost out to French rival Renault SA in the bidding to acquire a major stake in Russia's largest automaker, OAO AvtoVAZ. The deal gives Renault a boost in the rapidly growing Russian market and leaves GM on its own to increase its manufacturing presence in the region. A Renault spokeswoman said [...]
2008 Renault Kangoo Compact Concept
Renault takes the wraps off Kangoo Compact Concept at the 2007 Frankfurt Motor Show. Kangoo Compact Concept sets the tone for the new, wider Kangoo line-up. It targets young, active town- and city-dwellers who are into sport and are looking for a compact car that matches their life-style.
