Reuters
Renault reports slight growth in third-quarter revenue
xCruzo Brief
Renault Group reported a better-than-expected 1.4% rise in third-quarter revenue on Thursday, helped by stronger sales of its electric models to retail customers in major markets including France. Revenue increased 1.4% at constant exchange rates to €11.6 billion ($12.95 billion), versus a forecast compiled by the company’s analyst consensus that anticipated a 0.3% decline. The gain reflects higher volumes from Renault’s popular EV range, which offset lower volumes and price pressure linked to Chinese competitors. Reporting was provided by Gilles Guillaume and Dominique Patton.
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