PARIS – Renault SA this year expects to increase its profit margin and revenue in spite of a projected market decline in Europe, says Louis Schweitzer in his recent announcement that profits nearly doubled in 2002, to €1.9 billion ($2 billion). Renault operated with a profit margin of 4.1% in 2002, up from 1.3% the year earlier. Some of last year's increase was thanks to new international accounting measures, he says. Renault is counting on new Megane II to continue strong sales. ...
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