Top 10 Automobile Brands in United Kingdom (UK) 2016
Posted in Top Brand Lists, Total Reads: 239
UK is one of the most development markets for cars and automobiles. Some of the leading brands have a strong foothold in the British automobile market. The top car & automobile brands in UK include BMW, Ford, Mercedes Benz and Audi, followed by Volkswagen, Jaguar-Land Rover, Nissan, General Motors, Toyota and Renault. Here is the list of the top 10 automobile companies in UK 2016.
Renault is a French automobile maker which manufactures vehicles for commercial and utility purposes.
The company has its headquarters in Boulogne-Billancourt, France, and as a group operates mainly because of its alliances and stakes in other companies. In South Korea, it manufactures vehicles in association with Samsung, AvtoVAZ in Russia, and Dacia automobile in Romania etc.
It has stakes in Nissan, Daimler, and Volvo. Carlos Ghosn is the current Chief Executive Officer of the group. The French government owns about fifteen percent stake in the company. It is a public company and is traded on the Euro Next Stock Exchange.
Renault was founded by Louis Renault and his brothers in the year 1899. They started building vehicles and became popular as taxi vehicles in France. Later the company started building tractors, buses and trucks for commercial purposes. They have also built engines for aircrafts during the World War period. In 1990s, Renault signed agreements with Volvo to share their technological expertise. There were talks to merge both Volvo and Renault but shareholders of Volvo rejected it. The company was then looking for alliances when it found Nissan. Nissan was in deep financial crisis at that time. The Renault-Nissan alliance is considered one of the successful in the business world. The alliance is said to sell one out of ten cars sold throughout the world. The alliance entered into an agreement with Russia’s biggest selling car brand AvtoVAZ thus capturing the Russian market.
Renault also takes active part in motor racing events and develops engines for many teams. The company has its own Formula One team. It organises and sponsors Formula One racing events by itself. It is the leader in sales of electric car vehicles in Europe. Some of the successful passenger car models of Renault are Clio and Migane. In India, Renault had an alliance with Mahindra and Mahindra.