Renault sees limited profit hit from Volvo payment

Newswire

PARIS, Oct 27 (Reuters) - French carmaker Renault said on Wednesday that the settlement of a dispute with Sweden's AB Volvo would have an impact of around 20 million euros ($25.59 million) on its second-half net profit this year. In a statement issued in Paris, Renault confirmed that it had signed an agreement with Volvo in which it had agreed to pay its Swedish counterpart 108 million euros to settle a dispute related to Volvo's acquisition of its truck subsidiaries Renault IV/Mack. ...

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