south america

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Renault cuts global market prediction amid China slowdown, South America woes

Renault has downgraded its global industrywide expectations for this year – from a 2% gain down to a 1% increase. The reasons cited were the slowdown in China and the major drop in sales in Russia and Latin America. The company has been focusing on emerging markets to lessen its reliance in Europe.

However, this strategy is being hindered by financial difficulties in Brazil, Russia, and Argentina. The automaker maintains its prediction of a 5% increase for this year’s industrywide European deliveries. It also anticipates a bigger market share as buyers typically flock to new models.

In a statement last Tuesday, Chief Performance Officer Jerome Stoll said that the company will be able to hasten its growth in the second half of the year by reinforcing its position in Europe as well as with the release of many products in 2015.

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Rolls-Royce enters the South American market! Brazil and Chile first to get the cars!

Rolls-Royce Motor Cars has revealed that it is going to penetrate the South American market for the very first time in its history. The company is cooperating with potential dealers in Chile and Brazil, with CEO Torsten Müller-Ötvös presently coming to the region to satisfy these dealers, customers and media personnel.

Williamson Balfour Motors, headed by Peter Aberle and a member of the Inchcape Group, is the company's future dealer in Chile. On the other hand, the Via Italia Group, headed by Francisco Longo, is designated as Rolls-Royce Motor Cars' future Brazilian dealer.

Both companies are preparing for the full dealership openings set in March 2012. The announcement is made at a time when Rolls-Royce is succeeding at maintaining a strong sales momentum worldwide.

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