Renault looks to Brazil and Russia as demand drops again in Europe

The automotive group’s revenues for 2011 were up 9.4% on last year, rising from €38.9bn to €42.6bn due to increased sales momentum and an improved product mix. The rise was mainly due to the company’s core automotive business, which contributed €40.6bn to the firm’s revenues, a 9.4% increase on 2010. The group experienced strong international growth…