UPDATE 1-AUTOSHOW-Renault sees higher margins in 2004

Newswire

(Updates throughout with quotes, adds byline) By Michael Ellis MAKUHARI, Japan, Oct 23 (Reuters) - Renault SA Chairman Louis Schweitzer said on Thursday that he expects the revamped Megane car range will push up the French auto maker's operating profit margins in 2004 above 4 percent, from a target of 3.5 to 4 percent this year. "We look for an operating margin in 2004 above 4 percent," Schweitzer told reporters at the Tokyo Motor Show. The weak French economy and auto sales will ...

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