Renault bets reputation on new Laguna model

Newswire

By Marcel Michelson SANKT-WOLFGANG, Austria, Aug 29 (Reuters) - French car maker Renault is staking its reputation on the launch of its Laguna III model, due to hit the market in October, as the first element of its ambitious profit recovery plan. "Laguna is a very important model for Renault. We cannot afford it to become a failure," Chief Executive Carlos Ghosn told reporters on Wednesday at a lakeside hotel where reporters are test driving the hatchback version of the car, of which an ...

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