Renault keeps cash goal after first-half profit decline

Newswire

By Laurence Frost PARIS, July 27 (Reuters) - Renault said Europe's auto-market slump hit first-half profit and burned operating cash, but stuck to its full-year goal of positive cash flow at the core car-making division. Net income fell to 786 million euros ($967 million) from 1.25 billion in the year-earlier period, as revenue slid 0.8 percent to 20.94 billion euros, the French automaker said in a statement on Friday. "In a difficult and ...

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