PARIS – The election of Renault SA's new Clio III as Europe's Car of the Year 2006 by automotive journalists may not be the same as money in the bank, but it is a welcome morale booster for a product-planning department that has had little to cheer about this year. Although Renault has enjoyed continuous profits this decade, unlike rivals Fiat Auto SpA, Volkswagen AG, Adam Opel AG and Ford of Europe Inc., 2005 has been a year that has seen a fallback in momentum. Renault Clio III wins ...

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