Renault Plans Global Expansion with 36 New Models [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
group.renault.com/en/finance-2
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Source: Yahoo! Finance
Renault Plans Global Expansion with 36 New Models Renault Renault says it is planning a major expansion outside Europe as part of a new five-year strategy aimed at boosting sales and holding its own in an increasingly competitive global auto landscape. The French automaker intends to sell half of all Renault-branded vehicles outside Europe by 2030, up from about 38% in 2025, while also increasing total annual sales by more than 20%. Renault sold about 1.63 million vehicles last year and is targeting more than 2 million Renault-brand sales annually by the end of the decade. It's calling the plan “futuREady,” and it includes launching 36 new models over the next five years, with 14 specifically designed for markets outside Europe. In the previous five-year cycle, Renault introduced only eight models for international markets. Renault brand CEO Fabrice Cambolive said emerging markets will play a key role in the company's expansion strategy. The automaker plans to launch four n
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