Renault to Launch Two High-End Sub-Brands?
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Well, following in the footsteps of Citroen, Renault is also reportedly contemplating the creation of not one, but two sub-brands, each with its specific purpose and lineup of products. As you may expect, one of the brands will be Alpine, and they will only make sports / sporty cars - it will be like Renault’s NISMO, if you will.
The other brand will be called Initiale Paris and it will be considerably more luxury-focused than anything in the current Renault lineup. The luxury brand is key to Renault’s plans to go beyond Europe with its products, targeting, of course, China as their primary goal.
The final decision on whether these new brands see the light of day rests with the other ‘big’ Carlos of the Renault-Nissan Group, Carlos Tavares. He has been quoted as saying that “... Renault may have one day a luxury brand [...] That would help from a profitability standpoint because everybody’s always looking at VW and what Audi represents for the VW group."
Story via bloomberg.com
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