DAVOS-Renault confident to meet targets despite slowdown

Newswire

DAVOS, Switzerland, Jan 24 (Reuters) - French carmaker Renault is confident of meeting its profit and sales targets despite the possibility of a U.S. recession, the head of its engineering division, Jean-Louis Ricaud, said on Thursday. The strength of the group's 2007 performance, on which it reports on Feb. 14, has put it on track to meet its target of 6 percent consolidated operating profit margin in both 2008 and 2009, he said. The group's low exposure to the U.S. economy means the ...

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