Renault Increases Production to Meet Growing Demand
text size: A- A+
Renault on the other hand repeatedly insisted that automakers must receive financial support from their local governments in order to cope with the economic recession and revamp their production lines.
The French government did approve a 3 billion euro loan to the domestic struggling automakers, demanding ailing companies to concentrate more on electric and hybrid models often referred to as the only vehicles capable of getting carmakers out of the crisis.
“We are very pleased with the loan granted to us by the French government. In light of the exceptional crisis impacting our entire industry, access to credit was indispensable for supporting our activity and that of the automotive industry. It will also enable us to pursue our developments and investments in sustainable mobility,” Carlos Ghosn, President of Renault, said.
And speaking of electric models, the French automaker will indeed rely on less-polutting cars, with the first model expected to arrive around 2012.
“In 2012, we will need these conditions, even if it is clear that the situation will have to change by 2020,” Jerome Perrin, head of Renault’s research, was quoted as saying by Autonews.
UP NEXT: John Hopkins Turns to World Superbikes Tip: navigate with ← and →
RENAULT cars we've tested
all testdrives →