UPDATE 3-Renault banks on emerging markets to hit target

Newswire

(Adds quote on markets) By Matthias Blamont PARIS, April 29 (Reuters) - French carmaker Renault is sticking to its 4.5 percent operating margin target for 2008, despite a weaker dollar and pound and above-forecast raw material price rises, its chief executive said on Tuesday. "We have to deal with headwinds -- the currency impact is negative for the company, and the cost of raw materials has risen faster than we had foreseen," Carlos Ghosn told the annual general meeting. "Having ...

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