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  • like it's Japanese alliance partner Nissan.

  • French automaker Renno went into the global health crisis with existing challenges.

  • It had Bean backing away from an aggressive expansion plan pursued by Carlos Cone, its former boss turned fugitive.

  • On Tuesday, Renno said its worldwide sales fell over 21% last year, underperforming a decline in the global car market.

  • But the company insists its turnaround plan is still on track, adding that a key focuses on profitability, not sales volume.

  • European sales for the brand fell by a quarter, but sales of electric vehicles in the region was strong on more than doubled from 2019.

  • Renno last year announced plans to cut around 15,000 jobs and restructure French plants in a bid to save €2 billion or $2.1 billion.

  • The carmaker wasn't alone in seeing 2020 sales declines.

  • On Tuesday, BMW said it saw an 8.4% fall despite demand picking up in the fourth quarter.

  • Its European sales were down over 15% for the year.

  • But in China, where the pandemic has been brought under control, faster sales bucked the trend with an increase.

  • Fellow German carmaker Volkswagen said on Tuesday that sales of its core brand dropped by 15% with lockdowns hitting car dealerships around the world.

  • VW said it had seen sales recovering in December compared to previous months.

  • It's also seen the surge in demand for electric vehicles, with demand for its E V models jumping by 158% for the year.

like it's Japanese alliance partner Nissan.

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B1 vw bmw tuesday demand electric european

Renault, BMW and VW reveal 2020 sales declines

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    林宜悉 posted on 2021/01/12
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