Renault

When its cars were imported to and sold in the United States during the 1950s and 1960s, it was decided to pronounce the name as "Ren-ALT" in marketing to the American public, and the Anglicized pronunciation continues in common usage. However, while in English usage, Renault is correctly pronounced "Rhen-oh" (as it is commonly in the United Kingdom), the French pronunciation is closer to "Ruh-No". The government of France owns 15.7 per cent of the company. Louis Schweitzer has been the Chairman of Renault since 1992 and CEO from 1992 to 2005. In 2005, Carlos Ghosn (also CEO of Nissan) has become Renault's CEO, Louis Schweitzer staying Chairman. Renault has a stake of 44.4 per cent in Japanese automaker Nissan together with which they form the Renault-Nissan Alliance. Nissan in turn took a 15 per cent stake in Renault in 2002. Renault also owns Samsung Motors (Renault Samsung Motors) and Dacia, as well as retaining a minority stake (20%) in Volvo Trucks.

No posts to display

- Advertisement -

Recent Posts