Renault raises margin target, H1 core profit up


PARIS, July 25 (Reuters) - French carmaker Renault SA on Thursday raised its operating margin target for the full year as it reported a sharp rise in first half core profits thanks to cost cuts and an improving performance in Europe. On the strength of first half results, Europe's fourth largest carmaker said it was aiming for an operating margin of two percent this year. Previously, the company had said it hoped its margin would be positive in 2002. In a complex set of results that were ...

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