Renault says third-quarter revenues down 1.6%, cites partners' lower output

French automaker Renault’s group revenues fell 1.6 percent in the third quarter, with the company citing reduced production at its partners Nissan and Daimler , and a drop in demand for diesel engines in Europe. The company, which owns 43.4 percent of Japanese manufacturer Nissan , said Renault group revenues were at 11.296 billion euros. The company also said last week its operating margin was set to come in at 5%, versus a previous 6% goal, as it struggles to keep a lid on research and development costs. …read more

Source:: Yahoo Finance


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