Mexican Media Brands
Renault Hikes Revenue 13%
Renault SA reports its revenue in July-September climbed to €10.5 billion ($11.4 billion) from €9.3 billion in the third quarter of 2015.
#economics
Share
Renault SA reports its revenue in July-September climbed to €10.5 billion ($11.4 billion) from €9.3 billion in the third quarter of 2015.
Unit sales grew 16% to 721,700 vehicles worldwide, and its share of the global auto market rose 0.3 points to 3.3%. Renault brand sales climbed 8%, buoyed by new models.
Group sales in Europe jumped 11% in the third quarter. Domestic demand expanded 4% to 123,000 vehicles, and Renault provided five of France’s 10 best-selling models.
Deliveries outside Europe soared 22% in the third quarter. In North Africa, group sales advanced 14% in a market that shrank 15%. Registrations in Asia Pacific climbed 26%, more than twice the pace of overall market growth. The company reports a sevenfold surge in sales in India, led by the success of its Kwid A-segment hatchback.
Renault predicts unspecified increases in full-year group revenue, improved group operating margin and positive operation cash flow for its automotive operations.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .