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.............................. Renault Cars
Logo and Trademark..............................
Renault S.A. is a French vehicle manufacturer producing cars, vans, buses, tractors, and trucks. The company is well known for numerous revolutionary designs, security technologies, and motor racing. When its cars were exported to the United States during the 1950s and 1960s, the name was commonly mispronounced as "Ren-alt" to and by the American public, and the Americanized pronunciation continues in common usage, though the original French has gained significant ground over recent years. Presently in the United Kingdom it is also incorrectly pronounced as "Reh-no". The correct pronunciation is "Ruh-no".
Signed on March 27, 1999, the Renault–Nissan Alliance is the first of its kind involving a Japanese and a French company, each with its own distinct corporate culture and brand identity, linked through cross-shareholding. Renault has a stake of 44.4% in Japanese automaker Nissan Motor Co., Ltd. while Nissan in turn has a 15% stake (non-voting) in Renault.
For 2004 Renault reported a 43% rise in net income to €3.5 billion and 5.9% operating margin, of which Nissan contributed €1,767 million. The Group (Renault, Dacia, Renault Samsung Motors) posted a 4.2% increase in worldwide sales to a record 2,489,401 vehicles, representing a global market share of 4.1%. Renault retained its position as the leading brand in Europe with 1.8 million passenger cars and light commercial vehicles sold and market share of 10.8%.
The Renault–Nissan Alliance represents more than 9.8% of the worldwide market (5.74% for Nissan and 4.04% for the Renault group) with sales of 3,597,748 (Nissan) and 2,531,500 (Renault Group), placing the alliance fourth after GM, Toyota, and Ford in 2005.
The marketing success was also matched by success of their return to the Formula 1 circuit as a manufacturer again after buying the Benetton team. The team went on to win both World Drivers and Constructors championships in 2005 and 2006 ahead of the vastly more experienced Ferrari and McLaren teams.
Renault is exhibiting a Hi-Flex Clio 1.6 16v at the 2006 Paris International Agricultural Show. This vehicle, which addresses the Brazilian market, features Renault-developed flexible-fuel engine technology, with a highly versatile engine that can run on fuel containing petrol and ethanol in any proportion (0% to 100% of either).
On June 30, 2006, the media reported that General Motors convened an emergency board meeting to discuss a proposal by shareholder Kirk Kerkorian to form an alliance between GM and Renault-Nissan. The hastily arranged meeting suggests that GM's board is treating Kerkorian's proposal with urgency. Coincidentally, unsubstantiated rumours have been circulating about Renault's possible return to the U.S. market. There is speculation that a GM–Renault–Nissan alliance could pave the way for Renault's return to the U.S. market, since GM could eliminate some of its less profitable brands, and offer the owners of dealerships that would otherwise close Renault dealerships.
However, GM CEO Richard Wagner felt that an alliance would benefit Renault's shareholders more than those of GM, and that GM should receive some compensation for it. This did not sit well with Renault; subsequently, talks between GM and Renault ended on October 4, 2006.
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