Mexican Media Brands
Renault’s Revenue Rises on Flat Sales
Renault Group's vehicle sales were unchanged at 612,900 units in July-September.
#economics
Share
Renault Group's vehicle sales were unchanged at 612,900 units in July-September. But revenue climbed 7% to €8.5 billion on increased sales to partners.
Renault predicts the European market will expand 5% this year, up from a previous forecast of 3%-4%.
The company, which doesn't report quarterly financial results, reiterated its guidance for 2014. It expects to achieve unspecified improvements in sales, revenue and operating profit, including positive free cash flow for its automotive unit.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
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.