Renault predicts 2010 sales to beat 2.5-million-unit record posted in 2005

Article by Christian Andrei, on December 14, 2010

Renault SA predicts record sales in 2010 as government incentives drove demand for Renault's smaller models and its Dacia brand. Spokeswoman Caroline De Gezelle says that sales in 2010 will beat the the 2.5 million vehicles in sales posted in 2005. She adds that Renault also expects to record the industry's highest net income as a percentage of revenue.

Le Figaro, giving Renault an 8.7 percent margin, reports the carmaker expects EUR38 billion ($50.3 million) in revenue and net income of EUR3.3 billion in 2010, compared with a loss of 3 billion a year ago.

The magazine says Renault will sell 2.6 million vehicles in 2010, citing CEO Carlos Ghosn, but profits will come mainly from the sale of a stake in truckmaker Volvo and from partner Nissan Motor Co. The carmaker posted a EUR2 billion gain from the October 2010 sale of a 15 percent Volvo AB stake.

Le Figaro adds medium-term objectives to be announced next February include a 2013 operating-margin target between 4 percent and 5 percent. In September 2010, Ghosn said he intended to present new medium- term objectives with the company's full-year results on Feb. 10, 2010.

He added the plan would be split into a first period with quantitative targets and a second with more qualitative goals.

Topics: renault, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Hyundai is making the green vehicle race more competitive by offering three powertrain types -- pure electric (EV), hybrid (EV plus combustion engine) and plug-in hybrid (PHEV) – in one...
by - December 9, 2016
Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 2016
Nearly all details have been set with regards to the upcoming market introduction of the new Jaguar I-Pace. Its production version was recently previewed at the 2016 Los Angeles Auto...
by - December 8, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries