Latest Automotive News

Subscribe in a reader




Auto Price Quote
Get a free auto price
quote from Edmunds!

Renault chief executive foresees sales revival

Email   small font medium font large font

Google
 
Web AutoNews24h.com

PARIS (AP) _ Renault SA shares rose Tuesday after chief executive Carlos Ghosn said in a newspaper interview that he expects sales to rise ``continuously'' starting in September as the company introduces new models.

Ghosn foresees a ``revival'' in the French auto market, he said in Le Parisien on Tuesday. Next year and 2009 ``should be good years'' for France's second-largest carmaker, he said.

Renault shares rose 1.8 per cent to C114.61 (US$154.30).

Customers have been resisting Renault's aging model line, but the company is launching new models in the second half of the year and hopes sales will pick up.

Ghosn told the newspaper that the new Renault Twingo small car, which goes on sale later this this month, will compete with Fiat SpA's new 500.

Receive the latest automotive news by email!

Enter your email address:


Find the new car you want on cars.com

Related news
French carmaker Renault SA said Friday that vehicle sales rose 2.2 per cent last year and predicted growth of at least 10 per cent in 2008 as the company's turnaround strategy gathers ...
PARIS (AP) _ French carmaker Renault SA said Wednesday that its first-half earnings fell 20 per cent as car sales in Europe dropped and exports were hurt by the strong euro. Chief executive ...
PARIS (AP) _ Renault SA is counting on the success of its new Laguna upscale sedan to help turn around the French carmaker's fortunes, deputy Chief Executive Patrick Pelata told Le Monde ...
Renault SA and Nissan Motor Corp. are appointing advisers for their talks about expanding their alliance to include U.S. carmaker General Motors Corp. (NYSE:GM), the chief executive of both Renault ...
Discussions about a possible alliance of General Motors, Renault SA and Nissan Motor Co. have found a number of areas in which the automakers could usefully collaborate, a Renault executive ...
FRANKFURT, Germany (AP) _ Automaker Volkswagen AG announced Tuesday that it is promoting Reinhard Jung, who has been in charge of production at its core Volkswagen brand, to chief executive of the Skoda ...
Geoff Polites, chief executive officer of Jaguar Land Rover, has died peacefully in his home country of Australia. He was 60. Mr. Polites, who is credited with leading ...
General Motors toughened its public stance on proposals that the U.S. carmaker join an alliance with Renault and its sister company, Nissan, adding to uncertainties weighing on the industry as ...
Chrysler LLC is likely to lose US$1 billion this year as its new leadership tries to cut costs and streamline the automaker's model lineup, but it's poised to break even next year and ...

Best Investment Newsletter

- 46% in 2008

- invest in the best performing US stocks only and sell them when the uptrend is over

- very easy to follow, simple buy/sell signals

- no need to have investing or trading experience

Find More Now!


Renault chief executive foresees sales revival
> © 2006-2011 AutoNews24h.com except where otherwise noted