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Drop - France - RENAULT's income hit by price war
Paris, France -The Guardian Unlimited/UK -, by David Gow in Brussels -July 28, 2005: -- Renault, the French car-maker, posted a sharp drop in its operating income for the first half yesterday, largely because of the impact in Europe of a price war, rising raw material costs and weaker sales... The group made €943m (£650m) compared with €1.1bn a year earlier, with the operating margin down from 5.4% of sales to 4.4%. Renault said it expected the full-year margin to stay above 4%...
posted by Unknown @ 12:06 PM
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