AUSTRIA: Renault will meet margin goal - Ghosn

By just-auto.com editorial team | 29 August 2007

Renault is confident of delivering its 3% group operating margin for 2007 and on achieving the three goals of its Renault Commitment 2009: 6% group operating margin, a sales increase of 800,000 units and placing the Laguna among the top three in quality in its class, president and CEO Carlos Ghosn said on Wednesday.

"In a challenging market, we have the advantage of launching several attractive and competitive new products and a robust international growth strategy," Ghosn said at the international media launch of the Laguna in Austria.

"We have recently launched the Twingo, the first new Renault brand product in Europe after several months of product drought, and will launch the next generation Laguna in October before an intense product launch activity in 2008 and 2009."