Renault expects the European car market to fall 10% in 2010, Chief Operating Officer Patrick Pelata said. He made the forecast as he said Renault's full-year revenue at Renault is likely to be 17-18 percent below 2007.
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Renault expects the European car market to fall 10 percent in 2010. Chief Operating Officer Patrick Pelata made the forecast as he said Renault's full-year revenue at Renault is likely to be 17-18 percent below 2007.
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A member of Ho-Pin Tung's management team has confirmed reports the Dutch-born Chinese is not guaranteed a race seat at the Renault Formula 1 team in 2010.
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Renault's chief operating officer Patrick Pelata has said the company was in talks with Daimler and others about partnerships.
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Renault is in talks with Daimler and other companies about partnerships, the French carmaker's Chief Operating Officer, Patrick Pelata, said.
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Renault is in talks with Daimler and other companies about partnerships, the French carmaker's Chief Operating Officer, Patrick Pelata, said.
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Renault has said it would extend short-time working until the end of 2010 in a bid to prevent layoffs as car demand remains weak.
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Renault has said it would stay in Formula One racing next season, ending speculation that the team may be sold.
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Renault Brazil has announced a US$550m investment here for the 2010-2012 period. It is the third automaker, in less than a month, after Ford ($2bn) and Volkswagen ($3bn), to boost investment in the Brazilian market.
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Renault's worldwide passenger car and light commercial vehicle sales rose 32.2% in November. Renault's European sales were up 43.4% as various car scrapping incentive schemes draw to an end.
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Renault SA said on Tuesday it would extend a short-time work scheme until the end of 2010 in a bid to prevent layoffs as car demand remains soft.
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Renault announced Wednesday that it will stay in Formula 1 in 2010, and has also confirmed that it will continue to supply engines to Red Bull Racing.
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Robert Kubica's manager Daniele Morelli has cast doubt on whether the Pole will actually race with the Renault team in 2010.
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Renault has decided to maintain its commitment to Formula 1 and welcomes the perspective of a strategic partnership with Genii Capital, a Luxemburg based firm specialized in new technologies, brand management and motor sport.
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Renault announced on Wednesday it is selling a "large stake" of its Enstone based formula one team.
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Toyota Motor will begin selling "affordable" plug-in hybrid cars in 2011 to challenge General Motors and the Renault-Nissan alliance in the race for the lead in the field of rechargeable cars.
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With one month to go, the Renault Logan has pulled ahead of the Ford Focus to become Russia's top-selling foreign car. The Logan outsold the Focus 5,131 to 3,348 in November.
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With one month to go, the Renault Logan has pulled ahead of the Ford Focus to become Russia's top-selling foreign car. The Logan outsold the Focus 5,131 to 3,348 in November.
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On the same day that Lucas di Grassi announced he will be on the F1 grid in 2010, Lotus boss Tony Fernandes said he is en route to Malaysia with two newly-signed drivers. But it is expected that Brazilian di Grassi, Renault's reserve as well as a GP2 driver in 2009, will actually drive for the new Virgin team, which will be launched officially in London on Tuesday.
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The Renault name remain in Formula 1 motor racing next year, according to BBC Sport. But the French company's F1 team will have a new owner while Renault keeps a 25% stake, said the broadcaster on Friday, quoting unnamed sources.
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