Renault sticks to 2024 outlook as first-half profit beats estimates

Quick Summary:

LONDON : Renault posted a better-than-expected operating profit for the first half of the year on Wednesday due to strong pricing and new vehicle launches, and stuck to its full-year profit-margin forecast.

The French automaker last week reported that its first-half sales volume rose 1.

The company had hoped to be at the forefront of legacy automakers' efforts to go electric, with a plan for the Renault brand to go fully electric by the end of the decade.

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Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Last Cent Year Renault Strong Models Margin First Operating Week Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 00:02:04 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Channel News Asia

News ID: 21763790

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