Renault SA says its profits for full-year 2001 were E473 million ($414 million), down sharply from 2000’s full-year results of $414 million E1.84 billion ($414 million). The French auto maker blames the disappointing numbers on a slowdown in demand for vehicles overseas, more specifically in Argentina and Turkey. Financial results would have been much worse, the company says, if it wasn’t for its equity stake in Nissan Motor Co. Ltd. of Japan. Nissan’s aggressive plan to get its own ...
Premium Content (PAID Subscription Required)
"Renault Chief Predicts Turnaround From 01 Losses" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.