Hyperdrive
Renault Sees Solid Margin as Electric-Car Demand Slows
- Manufacturer proposed its highest dividend in five years
- Company is overhauling its lineup with ten new models in 2024
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Renault SA rose after forecasting resilient returns this year as the French manufacturer overhauls its lineup to counter muted demand for electric vehicles.
The company sees an operating margin of at least 7.5% in 2024, compared with 7.9% last year, it said late Wednesday. Renault, which plans to introduce ten new models this year including the key all-electric R5, also proposed its highest dividend since the one paid out in 2019.