Close Menu
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Field Marshal Munir warns of ‘forceful response’ to any Indian aggression

August 10, 2025

Nvidia China H20 chips

August 10, 2025

Muneeba heroics propel Pakistan to consolation win over Ireland in final T20I – Sport

August 10, 2025
Facebook X (Twitter) Instagram
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us
Facebook X (Twitter) Instagram Pinterest Vimeo
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports
Nabka News
Home » Renault’s first quarter sales rose 1.8%, supported by financial business
Business

Renault’s first quarter sales rose 1.8%, supported by financial business

i2wtcBy i2wtcApril 23, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


PARIS (Reuters) – French carmaker Renault said on Tuesday first-quarter sales rose 1.8%. Strong performance in the financial business offset the decline in sales in core automotive sales.

The group sold 549,099 vehicles in the same period, with revenue of 11.7 billion euros ($12.47 billion).

This beat the company’s consensus, which had expected sales to decline slightly year-on-year to 11.49 billion euros.

The global auto sector is bracing for a difficult year as demand for electric vehicles slows, adding new challenges for companies already battling fierce competition from China.

Renault, which makes the Clio and Twingo, saw sales rise last year after four consecutive years of decline, but weak global demand has put pressure on prices.

Leading electric car maker Tesla has cut prices in several key markets, further increasing pressure on the European company.

Tesla has lowered the price of the Model 3 in Renault’s domestic market to $39,990, matching the starting price of the French company’s new Scenic EV with less battery autonomy.

Renault said sales rose 2.6% in the quarter, but revenue from its core automotive business fell as independent dealers carried out deeper inventory reductions than in the same period last year.

Income from financing activities increased by 27.9% to 1.25 billion euros, due in part to higher interest rates.

The company reiterated its operating profit margin target of at least 7.5% this year.

(1 dollar = 0.9385 euro)

(Reporting by Gilles Guillaume; Editing by Himani Sarkar)



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
i2wtc
  • Website

Related Posts

Business

AI is creating new billionaires at a record pace

August 10, 2025
Business

Real estate startup Runwise is taking on record heat this summer

August 9, 2025
Business

Restaurants like Starbucks, Smoothie King seek to join protein trend

August 9, 2025
Business

Bed Bath & Beyond relaunches first store in Nashville

August 8, 2025
Business

Sweetgreen cuts outlook for second time in two quarters

August 8, 2025
Business

Durango Jailbreak and Charger Sixpack

August 8, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Field Marshal Munir warns of ‘forceful response’ to any Indian aggression

August 10, 2025

House Republicans unveil aid bill for Israel, Ukraine ahead of weekend House vote

April 17, 2024

Prime Minister Johnson presses forward with Ukraine aid bill despite pressure from hardliners

April 17, 2024

Justin Verlander makes season debut against Nationals

April 17, 2024
Don't Miss

Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute | Donald Trump News

By i2wtcJune 4, 20250

Growing strains in US-China relations over implementation of agreement to roll back tariffs and trade…

Donald Trump’s 50% steel and aluminium tariffs take effect | Business and Economy News

June 4, 2025

The Take: Why is Trump cracking down on Chinese students? | Education News

June 4, 2025

Chinese couple charged with smuggling toxic fungus into US | Science and Technology News

June 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to NabkaNews, your go-to source for the latest updates and insights on technology, business, and news from around the world, with a focus on the USA, Pakistan, and India.

At NabkaNews, we understand the importance of staying informed in today’s fast-paced world. Our mission is to provide you with accurate, relevant, and engaging content that keeps you up-to-date with the latest developments in technology, business trends, and news events.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Field Marshal Munir warns of ‘forceful response’ to any Indian aggression

August 10, 2025

Nvidia China H20 chips

August 10, 2025

Muneeba heroics propel Pakistan to consolation win over Ireland in final T20I – Sport

August 10, 2025
Most Popular

Xinjiang: China accused of renaming hundreds of Uighur villages

June 19, 2024

Abu Dhabi’s largest fund hires ex-JD executive in China

June 20, 2024

Chinese and French satellites launched to monitor the most powerful explosions in space

June 22, 2024
© 2025 nabkanews. Designed by nabkanews.
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us

Type above and press Enter to search. Press Esc to cancel.