UPDATE 2-Renault keeps cash goal as Europe woes hit profit

Newswire

* Auto division delivers profit, down 35 pct * Profit "encouraging" but cash goal tough - analyst * Target requires more action - CFO * Shares rise 4.9 pct (Adds analyst comment, details, background) By Laurence Frost PARIS, July 27 (Reuters) - French car maker Renault said it would work harder to conserve cash, after Europe's auto-market slump hit first-half profit at the core automotive division. ...

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