Renault May Miss Budget-Car Sales Target

Renault SA may fall short of its goal of selling 1 million low-cost vehicles worldwide this year by as much as 5%, Les Echos reports. The French newspaper cites Arnaud Deboeuf, who heads Renault SA's entry-level vehicle operations.

Les Echos opines that sanctions against selling to Iran are compounding the impact of declining European car demand on Renault's budget-car volume.

The company's entry-level lineup includes such Dacia- and Renault-badged models as the Duster crossover vehicle, Logan sedan and Sandero supermini.