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Renault may get a luxury brand like Nissan's Infiniti, COO Tavares says

Renault tried to move upscale with the Vel Satis, shown, a car developed to rival German premium brands. The company hoped to achieve annual sales of 50,000 for the Vel Satis, but only 62,000 were built between 2002 and 2009.
LC
By:
Luca Ciferri
July 24, 2012 05:00 AM

Renault may launch its upscale Initiale Paris subbrand in two phases, Chief Operating Officer Carlos Tavares said.

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