2005 ANNUAL REPORT - Renault

2005 in pictures
President and CEO
2005 was an historic year
for Renault as Carlos Ghosn
took over from Louis
Schweitzer. The year also
saw continued
international expansion,
with Logan going into
production in Russia,
Morocco and Colombia
and an agreement signed
for production in India.
Two major product
launches were in the
headlines – the 2.0 dCi
engine setting new
standards for performance
and driving pleasure,
and Clio III, Car of the Year
2006. Finally, 2005 was
a vintage year in Formula 1,
with an almost perfect
season for the Renault F1
Team, winner of the Drivers'
and Constructors' World
Championships.
Following the Annual General Meeting of April 29, 2005,
the Board of Directors appointed Carlos Ghosn
President and CEO, while Louis Schweitzer remained
Chairman of the Board of Directors without executive
responsibilities – a smooth changeover that won wide
recognition for harmonious relationships in the business.
Logan
Logan made its debut on
the fast-growing Russian
market at the end of summer.
The Avtoframos factory
in Moscow came on stream
in April, making Russia the
second country after Romania
to host production of the
vehicle.
India
On March 21, 2005 representatives of Renault
and Mahindra & Mahindra Ltd. met in Bombay
for the signature of an agreement establishing
a framework for an Indian joint venture – Mahindra
Renault Ltd. – of which Mahindra is to hold 51%
and Renault 49%. The agreement calls for production
and sales of Logan in India to get under way in 2007.
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2005 Renault Annual Report