The French based automaker Renault has recently dropped its plans on producing a new luxury sedan based on the same platform as the Mercedes-Benz E-Class.
The financial crisis is putting its hand on every industry out there and the automotive one isn’t doing so well either. Renault has a strategic partnership with Mercedes-Benz, which includes plans on the French based carmaker producing a large luxury sedan, based on the same platform as the E-Class, but, according to a recent report, plans on developing such a model have been dropped by Renault because this isn’t feasible.
According to this recent report, if Renault had continued to develop the large luxury sedan based on the Mercedes-Benz E-Class, than the model would have been priced at approximately 50,000 euros, so the decision on dropping these plans is more than acceptable, considering the fact that the carmaker’s large models, like the Megane, the Laguna and the Latitude’s sales have dropped by 41 percent in 2012. Carlos Tavares, the Renault boss, said that the company will focus on improving its current models and these should receive high end versions with the “Initial Paris” logo on their bodies.
Source: Car Scoop