Thursday, June 21, 2012

Renault Decimates UK Line-Up Due to Poor Sales, Cuts Laguna, Wind, Espace and More

Something is rotten in the state of Renault: its sales in the UK market. The fall of the pound against the Euro by 16 percent since the end of 2008, which minimized profitability of companies based in euro-denominated countries along with a staggering 29 percent drop in Renault's sales in the first 11 months of the year, forced the French carmaker to make some hard decisions.
Renault spokesperson Caroline De Gezelle announced today that, from February, the company will stop taking orders for no less than five of its models that are currently sold in Europe’s third largest car market.

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