Renault doubles capacity at Russian auto plant

The past few years have been difficult for the auto industry. The financial crisis, bailouts, and economic weakness have made those executives who have survived look all the more impressive.

Renault chief Carlos Ghosn said Tuesday the French automaker would launch a low-cost car in the Indian market in 2012 in a tie-up with India's Bajaj Auto.The vehicle is aimed at taking on the world's cheapest car, the Tata Nano, which hit Indian streets earlier this year, as well as building Renault's presence in the fast-growing Indian auto market.Ghosn, chief executive of the Renault-Nissan alliance, announced a deal had been struck with Bajaj Auto for the car which would be designed and made by the Indian group and marketed by Renault.