AM Online

Renault sales drop

Renault’s 2006 group sales dropped by 4% and revenues took a slight hit with a 0.8% decline to €2,943 million (£1,960m).

The French manufacturer said it had a difficult year following the transition of its Commitment 2009 restructuring plans. However, Carlos Ghosn president and CEO of Renault said figures were in line with expectations.

"Thanks to the total commitment of everyone at Renault to reducing costs, improving quality and boosting the international performance of the group, Renault has achieved its 2006 operating margin in line with the roll-out of Renault Commitment 2009," said Ghosn.

Renault is confident sales will grow again in 2007, helped by the launch of the Twingo and Laguna in the second half of the year.

Outside Europe, the launch of Logan in Brazil, Iran and India in this spring will also contribute to sales growth. Renault will also be launching a new cross-over vehicle in South Korea at the end of the year.

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