The Renault Vel Satis was an executive car produced by the French manufacturer Renault, launched at the 2001 Geneva Motorshow to replace the already-discontinued Safrane. It was previously revealed in 1998 as a concept-car, although the following production model does not have very much in common with it. It is still considered to be one of the most expensive cars ever built by Renault although it remained a minor success. The name Vel Satis is a composite of elements of the words Velocity and Satisfaction. A specially prepared Vel Satis was used by the President of France until 2009. The car was also Renault's flagship car, It has since been replaced by the Renault-Samsung built Renault Latitude.