Reply To:
Name - Reply Comment
Last Updated : 2024-04-26 06:40:00
AFP: French auto giant Renault said Friday that it enjoyed a record year in 2017, with sales and net profit rising to new heights.
Net profit soared 50 percent to a record 5.1 billion Euros (US$6.4 billion).
Sales at the group, which includes the low-cost Dacia brand, rose by 14.7 percent to 58.8 billion Euros, benefitting from the integration from the Russian brand Lada into its accounts.
“2017 was another record year for Groupe Renault..,” Chief Executive Carlos Ghosn said in a company statement.
“The commercial and financial results are the outcome of our strategy deployed over the past years and the efforts of all the group’s employees.”
Sales by volume rose by 8.5 percent to 3.76 million vehicles.
For 2018 the company is targeting maintaining its operating margin of more than six percent of revenue and increasing sales.
On Thursday, the company’s board backed giving Ghosn a new four-year term as Chief Executive.
The Brazilian-born Frenchman of Lebanese origin has led Renault since 2005, after having saved Renault’s alliance partner Nissan from near bankruptcy in 1999.
Ghosn earned the nickname Le Cost Killer for his aggressive restructuring, but under his stewardship the entire Renault-Nissan-Mitsubishi alliance took the mantle of top-selling carmaker last year with 10.6 million vehicles worldwide.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul