Transportation
Renault Bucks Europe’s Auto Slump on New Model Demand
- French carmaker confirms its full-year targets in tough market
- Company sees fresh vehicles such as the R5 bolstering sales
Renault’s R5 E-Tech EVs during the Paris Motor Show on Oct. 15.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Renault SA confirmed its full-year guidance as the French automaker expects to benefit from new models including the R5 electric car and updated Dacia sport utility vehicles.
Third-quarter revenue rose to €10.7 billion ($11.6 billion), Renault said Thursday. The manufacturer still expects a group operating margin of at least 7.5% this year, and free cash flow of €2.5 billion or more.