Mexican Media Brands
Renault’s Third-Quarter Revenue Climbs 9%
Renault SA says its revenue in July-September rose to €9.3 billion ($10.2 billion) from €8.5 billion in the same period last year.
#economics
Share
Renault SA says its revenue in July-September rose to €9.3 billion ($10.2 billion) from €8.5 billion in the same period last year.
Automotive-related income grew 10% to €8.8 billion. Retail sales advanced 1% to 620,500 vehicles, as a 7% increase in Europe offset an overall 5% decline elsewhere.
Renault says its financial unit boosted its new contracts by 15% year on year. But revenue fell 2% to €534 million ($586 million) because of lower interest rates and unfavorable exchange rates.
Renault anticipates 8% expansion for the European car market this year, including 5% growth in France. It expects continued volatility in emerging markets through the current quarter.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
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.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data