Renault reports worldwide sales increase

French automobile manufacturer Renault saw its sales increase around the world over 2007.

The company announced a global profit increase of 2.2 per cent during the course of the year – shifting some 2.5 million units and pushing its share of the world market to 3.6 per cent.

While the Renault brand saw sales increase by one per cent, vehicles under the Dacia badge went up by 17.4 per cent.

According to Patrick Blain, vice president of sales and marketing for the group, the news is in line with forecasts.

He said: "The 2007 sales results are in line with our forecasts: down in the first-half of the year and back to growth in the second half."

Renault is an automotive company which manufactures cars, trucks and buses for distribution around the world.

It was founded in 1899 and its headquarters is located in Boulogne-Billancourt.

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