RIO DE JANEIRO -- Renault's 3 billion-euro ($3.2 billion) push to boost its business outside Europe has one crucial difference over the past: this time the French automaker is without its long-time Japanese partner Nissan.
That means Renault had to rethink its global sales and production to do more on its own and with its new partner for combustion engines, Geely.
Renault's plan for its global markets such as Latin America, India, North Africa and Asia includes:
- Launching 5 new models on the Renault Modular Platform (RMP) developed from the underpinnings of the Renault Clio and Dacia Sandero small cars sold in Europe. The cars will be built in Brazil, Morocco, Turkey and South Korea.
- Using Geely's Compact Modular Architecture to underpin D segment (midsize) vehicles. The models will be built in South Korea. Renault and Geely are establishing a joint venture to develop gasoline engines and hybrid technology.