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 ...
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