Renault is French automaker that, in alliance with the Japanese automaker Nissan, is the fourth largest automaker in the world. The company also owns the Romanian automaker Dacia and the Korean automaker Renault Samsung Motors. It is strong in France, South America, and Africa, while its partner Nissan’s core markets are in Japan, North America, and Southeast Asia. The alliance between Renault and Nissan began in 1999 with each company taking shares in the other company: Renault took a 44% stake in Nissan, and Nissan reciprocated with a 15% share of the French car manufacturer. The alliance has proved very successful for both companies, with each company complementing the strength of the other. Nissan develops gasoline engines, while Renault concentrates …
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History of Renault
Today, Renault is one of the most successful French automobile manufacturing companies, but when it started in 1899, it was obviously just a new player in the market. But, soon they built great rapport and in 3 decades the company progressed steadily. In 1928, company had offered about 45,809 car units, ranging from small to very large cars. However, smallest cars were much liked by the customers. Roadsters as well as Torpedoes were also launched in the market at low prices. During Second World War, Company suffered a bit as German Nazis took control of Renault.
Post World War, Renault offered its rear engine 4CV model in the year 1946. During 1951 – 1960, company had offered a 2 liter …