renault sales slide in europe but rise worldwide
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Renault sales slide in Europe but rise worldwide

Arab Today, arab today

Arab Today, arab today Renault sales slide in Europe but rise worldwide

Paris - AFP

French automaker Renault reported that first-half vehicle sales fell 7.4 percent in Europe but it expected record sales worldwide thanks to booming emerging markets, it said on Monday. International sales rose 1.9 percent to 1.37 million vehicles for the first half of the year, the company said in an earnings statement. In Europe sales fell 7.4 percent to 831,700 units, with a 9.9 percent fall in France. The company said it was hoping to sell more than 2.6 million vehicles, a record, over the whole of 2011, as its international sales improved, diverging from its weaker performance in France and throughout Europe. Outside Europe, sales grew by a fifth to 542,000 vehicles in the first half of 2011 and accounted for 40 percent of the group's total sales. "Despite mixed results in Europe, the group continued to grow sales, setting a record for first-half sales," executive vice-president Jerome Stoll said in an earnings statement. "This performance was based as expected on strong international growth (outside Europe), with an increase of more than 20 percent, thanks notably to two key countries for the group, Brazil and Russia." It said it also performed well in Iran, with sales up 70 percent and a 4.7 percent share of the market, thanks to its Logan and Megane brands. Another key target for Renault is India, where it launched its Fluence model this year and plans five more models this year and next, including its low-cost four-wheel drive "Duster" vehicle built by its subsidiary Dacia. Stoll told a news conference on Monday that the group aims to "prioritise big emerging countries with prospects for growth." Renault is due to launch three electric vehicle models this year: the Fluence, Kangoo and Twizy. Sales of Renaults and Dacias suffered in France owing partly to the ending of a government bonus schemed for trading in old vehicles and also to low stock levels which struggled to keep up with demand. "We lacked stocks, we lacked cars. We did not lack customers," said Stoll. Renault is France's second-biggest car maker after CSA Peugeot Citroen. Stoll said Renault hoped for worldwide sales of three million vehicles a year or more in 2013.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

renault sales slide in europe but rise worldwide renault sales slide in europe but rise worldwide

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

renault sales slide in europe but rise worldwide renault sales slide in europe but rise worldwide

 



GMT 13:42 2015 Saturday ,04 April

Libyan warplane targets camp in Gharyan town

GMT 15:14 2017 Wednesday ,01 March

UN documents nearly 1,500 child soldiers in Yemen

GMT 07:24 2017 Sunday ,01 October

Mexico unlikely to find more quake survivors

GMT 16:15 2015 Wednesday ,11 November

German intelligence 'spied' on Fabius, FBI, UN bodies

GMT 01:32 2017 Saturday ,15 April

Russia's Putin earns about 157,000 USD in 2016

GMT 16:30 2017 Saturday ,15 July

Minister of planning gives priority

GMT 19:45 2017 Wednesday ,05 April

President of Senegal Meets Attorney General

GMT 05:18 2017 Thursday ,21 September

Over 80 missing after migrant boat sinks off Libya

GMT 19:22 2017 Saturday ,01 April

UN: Number of Syrian Refugees Tops 5 million

GMT 15:16 2016 Thursday ,29 September

FBI to put up database on police use of deadly force

GMT 05:06 2016 Friday ,30 September

Indian markets open flat
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday