Carlos Ghosn and Bruno Ancelin Awarded 2012 Eurostars by Automotive News Europe

PARIS – On September 26, 2012, the magazine Automotive News Europe gave Eurostar awards to Carlos Ghosn, CEO and Chairman, Renault-Nissan Alliance, and to Bruno Ancelin, Renault Chairman of the Eurasia region and Managing Director, Russia.

Carlos Ghosn won the Group CEO award in recognition of his successful strategy for international expansion into high-growth markets as the euro zone faces sluggish sales. In 2011, 43% of the Renault Group's sales were outside Europe compared with 37% the year before. Automotive News Europe noted that in 2011, Nissan achieved an all-time high for European sales, the alliance partners solidified their position in fast-growing Russia, and they became leaders in electric cars in Europe.

Carlos Ghosn declared: "I am honored to be recognized with this Eurostar Award. While Europe faces some significant challenges over the next few years, I am confident that this continent will remain innovative and do what's necessary to get back on a path of growth and prosperity."

Bruno Ancelin won the Emerging Market Executive award for the crucial role he played in the alliance with AVTOVAZ, maker of LADA cars. In May, Renault signed a memorandum of understanding with Nissan and Russian Technologies to create a joint venture that would give the Renault-Nissan Alliance an indirect majority stake in AVTOVAZ, the country's leading automaker. The Renault-Nissan Alliance and AVTOVAZ are aiming for 40% of the Russian new-car market by 2015.

Bruno Ancelin said: "I am very happy to receive this award, which would not have been possible without the Eurasia and Russia regional team. I would also like to take the opportunity to thank all of Renault's departments who have given us their expertise and support, those who work in Moscow as well as those at AVTOVAZ, and who help make this region one of the key growth vectors of the company."

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