PARIS – Renault SA expects a second straight difficult year in 2010, following its €3.7 billion ($5.1 billion) in red ink in 2009. CEO Carlos Ghosn says the auto maker’s financial strategy will go unchanged, energizing everyone in the company to achieve a positive free-cash flow, as Renault did last year to the tune of €2.1 billion ($2.9 billion). Renault’s main problem this year is two of its main markets, Europe and the Mediterranean area, are expected to decline, and Renault doesn’t ...
Premium Content (PAID Subscription Required)
"Renault Sees Continued Struggle in 2010" 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.