Renault Changes Global Brand Strategy, Seeks Profitability in Brazil

Recently appointed CEO Luca de Meo alerted to the discussions aimed at changing the group's focus on the Brazilian market from volume to profitability.

RIO DE JANEIRO, BRAZIL - After announcing a major global restructuring, including layoffs worldwide, Renault is shifting its brand strategy from volume to profitability - or "value", as announced this Thursday, January 14th. The company also pledges to pursue profit in Brazil.

"We are currently engaged in talks with the Brazilian operation. Our focus will no longer be market share, we have already begun a pursuit of profitability," said Luca de Meo, Renault group CEO, at a press conference in Paris, France, after introducing the company's new global plan.

Renault presented an extensive business plan which is based on a focus . . .

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