Renault to invest $3.2 billion in eight new models in global re-launch
© Reuters. FILE PHOTO: The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes/File Photo) said on Wednesday it will invest 3 billion euros by 2027 to launch eight new vehicles and boost electric vehicle sales outside Europe as part of a global re-launch for the French car brand.
"As our product renewal is bearing fruit in Europe, we are now going to make the brand more global and more profitable," Renault brand CEO Fabrice Cambolive said in a statement.The first of Renault's new vehicles for global markets is a small SUV derived from the Dacia Sandero, called Kardian, which was revealed Tuesday in Brazil - the Renault brand's second-largest market after France.
It will also be the base of a hybrid 4X4 pickup truck. Renault also presented a concept model of that vehicle, the Niagara, in Brazil.
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