Renault targets developing markets for sales growth

Renault targets developing markets for sales growth
French carmaker Renault has said it aims to almost double operating profit margins to 5% in two years by focusing on sales in Brazil, Russia and India. Strong growth there should help it to sell a total of three million cars a year by 2013. The company will also join its alliance partner Nissan in an effort to produce 500,000 electric cars per year by 2015. Renault also reported net profits of 3 …
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Renault eyes developing markets
French carmaker Renault says it aims to almost double profit margins by focusing on sales in Brazil, Russia and India.
Read more on BBC News