UPDATE 3-Renault stock hits record on sales, stakes

Newswire

(Updates with closing share prices) By Marcel Michelson and Michael Shields PARIS/FRANKFURT, April 25 (Reuters) - Shares in French carmaker Renault surged more than 7 percent on Tuesday to their highest level since a 1996 partial privatization on the back of higher-than-expected first-quarter sales growth. Renault reported a 5.8 percent rise in first-quarter sales on Monday at the start of its four-year strategic plan to make it Europe's most profitable volume car maker. The group ...

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