Renault’s Basic Car Detours

Posted by | Posted in Business News | Posted on 31-01-2011

PARIS—Six years ago, Renault SA set out to conquer emerging markets with an affordable, stripped-down car.

Now, the French auto maker has run into trouble selling the model in some developing countries, such as India. But the cars are being snapped up by rich-country customers looking to save money, cutting into sales of Renault’s higher-profit models.

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