The Renault-Nissan Alliance and AvtoVAZ want to dominate the new car market in Russia, aiming to secure a 40% share by 2015, up from 30% last year.
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Renault aims to repay at least 500 million euros (about $602 million) of debt to the state before year-end, CEO Carlos Ghosn said.
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Former Formula 1 World Champion Jacques Villeneuve is unlikely to find a seat for his formula one return with the Renault team.
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AvtoVAZ, the Russian automaker 25 percent-owned by Renault SA, plans to cut 10 percent of its workforce, as it disposes of non-automotive activities, CEO Igor Komarov said.
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Renault aims to repay at least 500 million euros (about $602 million) of debt to the state before year-end, CEO Carlos Ghosn said.
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Confirming earlier reports citing unofficial sources, Renault announced Dominique Thormann will replace Thierry Moulonguet as group chief financial officer from 1 July.
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Reports in France today said long-serving Renault finance chief Thierry Moulonguet would step down after almost 20 years next month for personal reasons.
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Renault has taken the wraps off the Latitude, its new global family saloon which will make its world debut at the Moscow motor show in August followed by a European launch at the Paris Salon in October.
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Renault SA plans to name Dominique Thormann, head of its sales-financing unit, to replace Chief Financial Officer Thierry Moulonguet, according to a person with knowledge of the matter.
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Renault SA named Dominique Thormann to replace Chief Financial Officer Thierry Moulonguet effective July 1.
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Renault will debut the European version its new flagship sedan, called the Latitude, at the Paris auto show in October.
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First official pictures of Latitude luxury saloon that’s larger than a Laguna.
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Renault has confirmed it has submitted a letter of interest to purchase South Korean automaker Ssangyong in tandem with partner Nissan.
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Renault and Nissan aim to have a joint capacity to produce up to 500,000 electric vehicles by 2013.
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Renault SA confirmed it has submitted a letter of intent to buy South Korean SUV maker Ssangyong Motor Co., together with Japanese partner Nissan Motor Co. and South Korean subsidiary Renault Samsung Motors.
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Renault SA aims to produce more than 200,000 electric vehicles a year by 2015-2016, French paper La Tribune said, citing company sources.
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Christian Horner has indicated there is no guarantee that Red Bull will still be powered by Renault engines beyond 2010.
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Renault has released details of environment measures at its new EUR600m (US$724m) plant in the northern Moroccan city of Tangier.
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Robert Kubica's manager has hinted that the Polish driver is not likely to change teams ahead of the 2011 season.
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Renault-Nissan chief Carlos Ghosn has told the Financial Times that he believes the alliance can become the world's third largest carmaker this year.
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