New Renault focused on developing markets

Strong growth rates in these markets can help increase total sales to 3 million vehicles in 2013. The company also links with partner Nissan in an effort to produce 500,000 electric vehicles a year in 2015.

Renaul also reported $ 4.6 billion net profit in 2010 compared with 4.19 billion loss last year.
Big plans
Carlos Ghosn - Renault's Executive Director announced the new profit targets in the strategy of Renault's six years: "We are building a plan is considered more powerful than today, there are a number of points are considered quite conservative, to ensure that Renaul have a chance to succeed in whatever circumstances, "With this plan, Ghosn has faced criticism by some observers comment. They said that this plan has separate plans between Renault and Nissan, Ghosn also reminded them that he is CEO of both companies.


Max Warburton, an analyst with the automotive industry said "The joint venture with Renault-Nissan continues to financially separate, with a financial structure so as to be less effective transfers between the two countries. Investors disappointed Ghosn ignore this problem. "



Last year, the company has sold 2.6 million vehicles. Ghosn said "the business situation in 2011 will be even better product, technology and profitability,"


However, Max Warburton said that in recent months, the business performance of the Renault looks "a bit uncomfortable and it will be hard for companies to provide a solid basis to make billions of profit margin reached 5% in 2013. "

Towards developing markets

Renault also plans to implement as the other competitors are selling small cars in developing countries and build factories in the country's automobile market is growing.


In fact, the growth in new markets is particularly necessary for Renault because Renault could not search for food in the lucrative U.S. market, while European markets are stagnant and excess production capacity.

These brands are now contributing to support the increased sales in the market "niche" of Renault including Dacia, the Romanian car cheap Renault and Renault Samsung (joint venture with a subsidiary of Korea), In Russia, with their shares in AvtoVAZ, Lada manufacturer, will help Renault to increase sales here.


For the lucrative Chinese market, Ghosn said he will not penetrate at least two years: "We have no plans in China until 2013," According to a source, Renault take place expected market shares in this car more power.

Along with Nissan, Renault said the venture expects to sell 1.5 million electric vehicles by 2016. This ambition is supported by a $ 5.6 billion investment in technology within 5 years due to the joint venture agreement between Daimler-brand company that owns Mercedes and Renault-Nissan signed last year.
Tags:Renault,New cars,Honda,Nissan,Toyota