Renault CEO says Laguna margin to exceed 6 pct

Newswire

SANKT-WOLFGANG, Austria, Aug 29 (Reuters) - The head of French carmaker Renault said on Wednesday that the new Laguna model would have an operating profit margin far exceeding the 6 percent target he has set for the entire company to be reached by 2009. "It's clear that the margin of Laguna will far exceed the 6 percent that is needed to get the overall margin above 6 percent," Chief Executive Carlos Ghosn told journalists present at test rides of the new Laguna luxury car.

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