Mexican Media Brands
Renault Revenue Drops 12%
Renault SA generated €7.7 billion in revenue in the January-March period of 2013 compared with €8.9 billion a year earlier.
#economics
Share
Renault SA generated €7.7 billion in revenue in the January-March period of 2013 compared with €8.9 billion a year earlier.
Registrations of the company's vehicles declined 5% to 608,500 units worldwide. Deliveries fell 12% in Europe, where Renault says the market was weaker than it expected. The company now predicts that auto sales in France and the rest of Europe will contract 5% this year the low end of its earlier forecast.
Sales slid 8% in the Americas, in part because work at a major assembly plant in Brazil was suspended while the facility was expanded. Volume grew 4% in Asia Pacific.
For the full year, Renault continues to predict improved sales volume, a positive operating margin and free cash flow from auto operations. The company cautions that its forecast assumes that European markets aren't worse than it projects.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future