Renault sees strong 2008 sales growth after 2007 pickup

4th January 2008, Comments 0 comments

French automaker Renault said expects global sales growth of more than 10 percent this year

   PARIS, January 4, 2008 - French automaker Renault said Friday it expected
global sales growth of more than 10 percent this year after a 2007 gain of 2.2
percent to some 2.49 million vehicles.
   It said 2008 would begin with the launch of nine new models and hoped for
progress across its three brand lines -- Renault, Samsung and Dacia -- after
last year's performance reversed a 4.0 percent drop in sales in 2006.
   "Our commercial performance in 2007 is in line with our forecasts," sales
director Patrick Blain said in a statement.
   Despite the 2.2 percent rise in sales for 2007, Renault lagged global auto
market growth and its market share accordingly slipped back to 3.6 percent
from 3.7 percent.
   Renault brand sales rose 1.0 percent to 2.12 million vehicles last year,
with the low-cost Dacia range built in Romania rising 17.4 percent to 196,378
while Samsung was down 1.4 percent at 121,660.

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