Geneva motor show

At the Geneva motor show, Renault confirmed its objectives including increases in sales volumes expected to more than 10% in 2008, taking advantage of the launch of 9 models. The group also aims french still an operating margin of 4.5% versus 3.3% in 2007.

'Despite an unfavourable in the foreign exchange market, and a rise in raw material prices, Renault was slightly over 2007 in the second milestone margin set by the 2009 contract. This performance is primarily due to higher volumes, improved management of R & D expenditure and overhead costs, and reducing purchasing costs' french recalls the manufacturer.

'Through the program Logan, whose return exceeds 6% in Europe, Renault has also demonstrated its ability to provide vehicles at a reasonable price (...). The launch of Dacia Sandero, the fifth vehicle programme Logan, will contribute to further improve the profitability of Renault adds the group.

Reflecting on the past year, Renault insists that its worldwide sales rose by 2.1% in 2007 with 2484472 vehicles sold. Outside Europe, sales grew by 16.3%, which represents 35% of sales of Renault vehicles sold or 861330. Sales of the Renault brand rose by 0.9%, 17.2% of Dacia and Renault Samsung Motors decreased 1.5%.

Total sales of Renault and Nissan stood at 6160046 vehicles in 2007 (+4.2%), a global market share of 9.1%.