Its saving graces were its 43.4% stake in Nissan and emerging-market demand for Renault's line of cheap cars, including the Clio and the Dacia. The company can boast some major toeholds in emerging markets. It currently claims 30% of the Russian market. Meanwhile, five out of the top 10 cars sold in Mexico are Nissan makes, giving it a one-quarter share of the market there. And while France is still its biggest market, at 22%, Brazil, Russia and Argentina, respectively, rank second, third and fifth, said CEO Carlos Ghosn on the earnings call.