Renault

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Renault () is a French multinational vehicle manufacturer established in 1898 by the brothers Louis, Marcel, and Fernand Renault. The company has played an essential role in various industries, including automotive, aviation, and armaments.

History

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The company's history dates back to 1898 when the Renault brothers founded their first factory in Billancourt, France. During World War I, Renault contributed significantly to the war effort by producing aircraft engines and arming activities.

In 1979, Renault acquired a majority stake in American Motors Corporation (AMC), which included Jeep. However, this ownership was short-lived as AMC was sold to Chrysler Corporation in March 1987.

Global Presence

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Renault has expanded its global presence through strategic partnerships and acquisitions. In 1999, the company formed an alliance with Japanese manufacturer Nissan, followed by a partnership with Mitsubishi in 2017. This Renault-Nissan-Mitsubishi alliance is one of the largest automotive alliances globally, making it the world's leading car manufacturer in the first half of 2017.

Subsidiaries and Brands

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Renault Group has a diverse portfolio of brands, including:

* Alpine (100% ownership)
* Dacia (99.43% ownership)
* Samsung (80.1% ownership)

The company is also a majority member of the Renault-Nissan-Mitsubishi alliance, holding 44% of the shares.

Privatization and Industrial Divisions

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In 1986, the French government initiated the privatization process for Renault. The company was partially privatized in 1996. In January 2001, Renault sold its industrial division, Renault Véhicules Industries, to AB Volvo, which later renamed it Renault Trucks (Renault trucks) in 2002.

Awards and Recognition

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Renault has received numerous awards for its innovative designs, safety features, and environmental initiatives.

Headquarters and Operations

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The company's headquarters is located at Boulogne-Billancourt, France. Renault operates factories and subsidiaries worldwide, making it one of the largest car manufacturers globally.

Note: I've corrected some minor errors in the original sources, such as "Louis Reno" to "Louis Renault", "Marcellus" to "Marcel", and "Fernann" to "Fernand". Additionally, I've restructured the content to improve clarity and flow.