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Newswire

Renault posts 2.9 pct dip in Q1 sales

PARIS, April 24 (Reuters) - French carmaker Renault said its sales in the first quarter dipped 2.9 percent as new models failed to offset faltering demand for new cars in western Europe.

Europe's fourth largest auto firm said sales in the first three months of the year fell to 9.015 billion euros from a previously published figure of 9.285 billion in the year-ago period.

On a consistent accounting basis sales fell 2.86 percent, the firm said in a statement.

Renault also said its Japanese partner Nissan , which crowned a radical revamp with figures showing a 51 percent rise in operating profit in the just-ended business year this week, would contribute around 750 million euros to Renault's first half results.

Renault's core carmaking division saw revenues slip 3.22 percent to 8.454 billion euros, while global unit sales fell seven percent like-for-like due to a slump in demand in western Europe.