PARIS (AP) _ Renault SA is considering creating a cheaper version
of its no-frills Logan sedan that would reportedly be sold for about
$3,000 in India and other emerging markets.
``We're thinking about a car that's more competitive than the
Logan,'' Renault spokeswoman Axelle de Ladonchamps said Thursday.
Labour unions will be the first to be informed of any such
project, she said.
The French automaker, however, declined to confirm a report in
the daily Le Figaro which said the company plans to hire 1,000
engineers in India to develop the low-cost model within three years.
Le Figaro said the project for the vehicle will shortly be
presented to a company works council.
The new model would be aimed at emerging markets and would not be
sold in Europe, according to the newspaper report.
Renault began selling the Logan in India in May through a joint
venture with local automaker Mahindra & Mahindra, priced in a range
of 428,000 rupees to 547,000 rupees ($9,700 to $12,400). In Europe,
the Logan's base model sells for 7,600 euros ($10,100), de
The Logan is sold in 51 countries on five continents, according
to Renault's website.
Renault said Wednesday vehicle sales slipped 4.2 per cent in May
from a year earlier, amid competition from Asian brands and an older
product lineup. The automaker is hoping the launch of new and
updated models in the second half of this year will stop the slide
and bolster prospects in 2008. Asian and African sales were up 3.7