Transportation
Renault to Invest €3 Billion to Boost Presence Outside Europe
Robotic arms work on Renault Twingo automobiles on the production line at the Renault plant in Novo Mesto, Slovenia.
Photographer: Oliver Bunic/BloombergThis article is for subscribers only.
Renault SA will invest €3 billion ($3.2 billion) to introduce eight new models outside of Europe, where carmakers see persistent inflation cutting into demand for vehicles.
The company’s namesake brand aims to double its net revenue for each unit sold outside Europe from 2019 levels in the coming years, Renault said Wednesday. The French carmaker will start selling the Kardian in Latin America and Morocco next year.