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Renault freezes Russian auto project, blames ruble's slump

French automaker Renault has frozen a project to make commercial vehicles with Russian company Zil because of the fall of the ruble, a Renault spokeswoman said on Wednesday. "Due to the weakening of the ruble, Renault has frozen this project at this time and tries to find a solution to do the project profitably,", the spokeswoman told AFP. Renault was studying whether it should make commercial vehicles in Russia and Zil offered one way of doing this, she said, but no investment had yet been made.

Renault to invest $222 mn producing new models in Brazil

Rio de Janeiro, Apr 18 (EFE).- French automaker Renault announced that it will invest 500 million reais ($222 million) over the next five years in the production of two new models at it plant in Sao Jose dos Pinhais in the southern Brazilian state of Parana. Renault also announced the construction of a distribution center for vehicle parts at Quatro Barras, Parana, with an investment of 240 million reais ($106 million) in the next 10 years, an amount that will include operating costs, according to a commmunique.

Europe's car sales upturn fails to halt price war

By Laurence Frost PARIS (Reuters) - Europe's car sales recovery may be taking hold, according to registrations data published on Thursday, but a confidential industry survey shows the pickup is failing to halt a price war. Discounts outgrew first-quarter sales, according to the data seen by Reuters, casting doubt on the strength of the recovery and earnings outlook for carmakers in the region.

Renault Samsung's early retirement applicant numbers below expectation

SEOUL, April 14 (Yonhap) -- Renault Samsung Motors Co. was unable to induce the targeted number of its employees to opt for early retirement program, corporate sources said Monday, which the company said is intended to restructure its workforce for better productivity. Insiders said only around 20 workers applied for the program as of Friday. The company received applications from March 10 and expected about 160 to apply.

Renault Samsung vows to become S. Korea's No. 3 by 2016

By Lee Joon-seung SEOUL, April 2 (Yonhap) -- Renault Samsung Motors Co., the local unit of French automaker Renault S.A., said Wednesday that it will strive to become South Korea's No. 3 carmaker in terms of domestic sales by 2016.

Renault Samsung vows to become S. Korea's No. 3 by 2016

By Lee Joon-seung SEOUL, April 2 (Yonhap) -- Renault Samsung Motors Co., the local unit of French automaker Renault S.A., said Wednesday that it will strive to become South Korea's No. 3 carmaker in terms of domestic sales by 2016.

Renault Samsung aims to become S. Korea's No. 3 by 2016

SEOUL, April 2 (Yonhap) -- Renault Samsung Motors Co., the local unit of French automaker Renault S.A., said Wednesday that it will strive to become South Korea's No. 3 carmaker in terms of domestic sales by 2016. Announcing its new strategic vision, the carmaker said it will increase sales from 131,010 units reached in 2013 to more than 200,000 in the target year. The increase represents a 70 percent spike to place it third behind Hyundai Motor Co. and Kia Motors Corp., and ahead of GM Korea Co. and Ssangyong Motor Co.

Car sales recovery gains pace in France, Spain and Italy

By Laurence Frost PARIS (Reuters) - Car sales rose in France, Spain and Italy last month, according to data published on Tuesday, adding to signs that a southern European recovery is gaining strength. Renault and PSA Peugeot Citroen led an 8.9 percent year-on-year rise in French sales, the CCFA industry body said, as the country's stop-and-start rebound appeared to find a firmer footing.

French and Spanish car sales recovery gathers pace

By Laurence Frost PARIS (Reuters) - Car sales rose in France and Spain last month, according to data published on Tuesday, adding to signs that a southern European recovery is gaining strength. Renault <RENA.PA> and PSA Peugeot Citroen led an 8.9 percent rise in French sales, the CCFA industry body said, as the country's stop-and-start rebound appeared to find a firmer footing.

Renault Samsung sales fall 13.8 pct in March

SEOUL, April 1 (Yonhap) -- March sales by Renault Samsung Motors Co. fell 13.8 percent last month from a year earlier due to weak exports, the South Korean division of French automaker Renault SA said Tuesday. The country's smallest car manufacturer by sales said it sold 10,782 vehicles last month, compared with 12,509 units tallied in the third month of 2013. The press release said domestic sales shot up 17.2 percent on-year to 5,588 units, with overseas sales hitting 5,194 vehicles for a loss of 32.9 percent.
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