Renault eyes Asia sales growth at 56%<\/p>\n
Agence France-Presse, Tokyo<\/p>\n
French carmaker Renault expects its Asia-Pacific sales to grow
\n56 percent for the second straight year in 2002, while sales by
\nits South Korean carmaking subsidiary would increase by almost 30
\npercent, the company said Monday.<\/p>\n
The company said in a statement that its redeployment strategy
\nhad relaunched sales of the marque in Australia, Taiwan and
\nIndonesia.<\/p>\n
It also continued to expand in China, Malaysia, New Zealand
\nSingapore, overseas French territories and Japan, where it works
\nclosely with its alliance partner, Nissan Motors, the statement
\nadded.<\/p>\n
\"Renault's Asia-Pacific division... expects sales of more than
\n22,000 units (plus 56 percent) in 2002,\" it said.<\/p>\n
The company sold 14,167 vehicles in the region in calendar
\n2001, a 56-percent increase on the 9,079 sold in 2000, with the
\nScenic the best-selling model.<\/p>\n
At 28.6 percent year-on-year, growth would be less spectacular
\nat the French company's South Korean subsidiary, Renault Samsung
\nMotors (RSM), but the volume of vehicle sales would far outstrip
\nRenault sales for rest of the region combined, according to the
\nstatement.<\/p>\n
\"The sales target for this year is about 90,000 vehicles,
\ncompared to 70,000 in 2001, Renault said.<\/p>\n
RSM was set up in September 2000 when the French carmaker
\nbought the assets of the former Samsung Motors Inc., giving an
\nannual production capacity of 240,000 vehicles, far in excess of
\ncurrent demand.<\/p>\n
Renault said in Paris last Thursday it expected to
\n\"consolidate\" global sales in 2002 after unit car and light
\nutility sales edged up by 2.2 percent in 2001 to 2.4 million
\nvehicles, boosted by the sales of its foreign subsidiaries.<\/p>",
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