French carmaker Renault posts record sales

  • News Digest
PARIS

Jan 20, 2019-

French carmaker Renault unveiled record sales Friday of nearly 3.9 million vehicles last year, even as it prepares to turn the page on the era of chief executive Carlos Ghosn who remains behind bars in Tokyo on fraud charges. The company said sales in 2018 were up 3.2 percent from the previous year putting it ahead of its French rival PSA, whose brands include Peugeot, Citroen and Opel. Sales were driven higher by demand for Renault’s low-cost models, including two light utility vehicles manufactured in a joint venture with China’s Brilliance, which offset the effect of its pullout from Iran because of renewed US sanctions. (AFP)

Published: 20-01-2019 10:58

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment