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.