Ghosn says cost cuts offset spike in raw-materials prices in 2011.
PARIS – Despite lost share in Europe, Renault had better cash flow and worldwide sales than it predicted a year ago, putting Renault-Nissan Alliance CEO Carlos Ghosn in a good mood as he presents the results for 2011. The Renault Group revenues climbed 9.4% to E42.6 billion ($55.8 billion), while unit sales were up 3.6% to 2.7 million, thanks to significant increases in Russia, Turkey and Brazil. With France and Germany, those are Renault’s top five markets. Ghosn expects ...
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