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Renault is a vehicle manufacturing company which is located in France. They are associated with Nissan industries and are the fourth largest manufacturer of vehicles in the world. Renault also owns the Korean company, Samsung Motors and a Romanian company called Automobile Dacia.
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Renault
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The History of Renault
Renault is a vehicle manufacturing company which is located in France. They are
associated with Nissan industries and are the fourth largest manufacturer of
vehicles in the world. Renault also owns the Korean company, Samsung Motors
and a Romanian company called Automobile Dacia. The Clio is the most successful
model produced by the company.
Renault produced their first car in 1897 but did not officially
establish the company until 1899. Five men are attributed to
beginning the company. The group was formed from three
brothers and two friends. The brothers Louis, Fernand and
Marcel were joined by friends Julian Wyer and Thomas Evert as
they established the company. Louis was already an expert
engineer and had built a few cars before joining the group.
Louis became the basic designer and so he took care of
overseeing vehicle manufacturing while his brothers took care of the
management responsibilities. After they were incorporated, the first car produced
was the Voiturette1CV. The way the brothers chose to increase the popularity of
their cars by participating in races. In 1903, Marcel died during a race. But in 1906
the Renault AK 90CV won the Grand Prix Race.
In the late 1800s cars were not important but were only seen as expensive toys
for the rich. It was at this time that the company made their first sedan. During
the years before WWI the company made cargo vehicles, buses and taxis. Then
during the First World War they began contributing to the efforts of the Allies by
making ammunition, military planes and tanks. Louis was later honored for his
many contributions to war efforts. Just after the war, they had become the largest
private manufacturer in France. By this time they had begun exporting engines
2. overseas. After 1918 they began manufacturing machinery for industries and
agricultural purposes.
After France surrendered to Germany in 1940, Louis started making trucks for the
Nazis as the Germans had already seized the factories. He was then accused of
collaborating with Germany and was arrested. He died in prison in 1944 and the
government took control of the factories. After the company was nationalized it
began to grow exponentially. The Fregate which was manufactured from 1951 to
1960 was a huge success but the company still has cars for sale and did not fare
well because of labor unrest.
The company had many years of hardship and had a 12.5 billion franc deficit as of
1984. However, by 1987 the company had completely stabilized. By the 1990’s it
was completely revitalized and today is the popular and financially stable
company of Renault.
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