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Article: Renault to continue expansion despite H1 loss.
- Article from:
- TradeArabia (Manama, Bahrain)
- Article date:
- August 20, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Dubai
European automaker Renault is continuing to build upon its range of GCC available models and is expanding its dealership network across the region, despite first half figures that reveal mixed fortunes for the motor industry.
Renault posted first-half losses for the year, but was buoyed by the strong performance from its Romanian Dacia model.
The surprise first-quarter profits announcement from the Japanese automotive giant, Nissan, of which Renault owns a 44 per cent stake, is also seen as a vindication for its decision to increase unit production and its view that the outlook for vehicle sales as improving, with the GCC being ...