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Renault aims to almost double Brazilian market share


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Renault aims to almost double Brazilian market share

October 4, 2010 06:01 CET

SAO PAULO -- Renault SA plans to almost double its share of car sales in Brazil in the next three years through investments and by introducing new vehicles, according to a newspaper report.

Renault, with Japanese affiliate Nissan Motor Co., plans to boost market share to 10 percent from 5.6 percent, Folha de S. Paulo, Brazil's top-selling paper, said, citing Jean-Michel Jalinier, president of the French automaker's local unit.

The company plans to invest 1 billion reais ($591.8 million) in Brazil, the newspaper said. Renault also plans to debut three new models there, according to the report.

Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101004/ANE/101009960/1401#ixzz11Ox4odB2

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