Renault reports higher earnings as sales rise
Posted February 12, 2016 6:00 am
PARIS (AP) - French car maker Renault says higher sales and further progress on its industrial turnaround plan helped drive a nearly 1 billion euro increase in its earnings last year.
Europe's number three car maker says Friday it made 2.8 billion euros ($3.2 billion) in 2015, up from 1.9 billion a year earlier.
The maker of the best-selling Clio hatchback said registrations of new cars and light trucks rose 3.3 percent to 2.8 million last year. It forecast 2 percent market growth in Europe this year, and between 1 and 2 percent growth globally.
Chairman and CEO of Renault-Nissan Carlos Ghosn addresses reporters during a press conference in Boulogne Billancourt, outside Paris Friday, Feb. 12, 2016. French car maker Renault says higher sales and further progress on its industrial turnaround plan helped drive a nearly 1 billion euro increase in its earnings last year. (AP Photo/Christophe Ena)
The Associated Press
Chairman and CEO of Renault-Nissan Carlos Ghosn addresses reporters during a press conference in Boulogne Billancourt, outside Paris Friday, Feb. 12, 2016. French car maker Renault says higher sales and further progress on its industrial turnaround plan helped drive a nearly 1 billion euro increase in its earnings last year. (AP Photo/Christophe Ena)
The Associated Press
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