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Renault Reports Worldwide Sales Decline

French automaker Renault said vehicle sales slipped 4.2 percent in May from a year earlier to 214,358 amid competition from Asian brands and an older product lineup, according to the Associated Press.

Renault is hoping the launch of new and updated models in the second half of this year will arrest the slide and bolster prospects in 2008.

It is about to launch its latest version of the Twingo subcompact.

Posted by   at 9:41 AM to Auto industry , Companies , Marques | Permalink

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