PARIS Nov 20 French automaker Renault
sees the global auto market expanding to over 100 million new
cars by 2020 despite the current stagnation in Europe, its chief
operating officer said on Tuesday.
"In 2011, the global market was 78 million units, we expect
for 2020 a market above 100 million," Carlos Tavares told
journalists during an industry conference.
"Hence, there is no reason to be desperate about the car
market, there is a very large growth potential but we have to be
able to follow the changes, especially geographic," he added.
Tavares said Renault would make half of its sales outside
Europe this year, head of its original target of 2016, the last
year of its strategic plan.
(Reporting by Gilles Guillaume; Editing by Christian Plumb)