Renault Reports 1.4% Third-Quarter Revenue Rise Despite Lower Volumes
Renault Group said third-quarter revenue rose 1.4%, helped by higher retail sales of electric models in major markets including France, offsetting lower volumes and price pressure from Chinese competitors. The result was better than expected.
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BOULOGNE-BILLANCOURT (dpa-AFX) - French automaker Renault Group (RNSDY.PK, RNSDF.PK, RNT.L) reported Thursday higher revenues in its third quarter, as a nearly stable performance in Automotive segment was more than offset by growth in Mobilize Financial Services or MFS. Meanwhile, sales volume decl…
Renault Group EURONEXT:RNO reported a better-than-expected 1.4% rise in third-quarter revenue on Thursday, as higher sales of its popular electric models to retail customers in major markets such as France helped offset lower volumes and price pressure from Chinese competitors.Revenue rose 1.4% at…