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Industry / France

Renault's Import Plans Could Be Hampered By Aid Conditions

August 2010 | Company News Alert

Renault's plans to replicate the success of its mid-size Renault Samsung SM5 sedan in Europe are facing disapproval, Bloomberg has reported, long before the model's planned unveiling at the Paris Motor Show in October. The model, only 5% of which are likely to be imported into Western Europe from the Renault Samsung Motors plant in South Korea, has raised the eyebrow of the French government. Since a sharp 44% decline in France's auto production between 2006 and 2009 - mostly due to high production costs, the government sees Renault's current strategy as a part of a drive to shift more

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