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Renault half-year balance: Renault drives out of sales crisis

Renault half-year balance sheet
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D ie The growth rate was thus well above the world market average (plus 16 percent) and also above that of PSA (17 percent).

Decline in Germany

However, Renault was less successful in Germany. The end of the scrappage bonus brought Daimler's new strategic partner a 31.9 percent drop in sales there. The market share also fell slightly by 0.4 percent to 5.4 percent. In Europe as a whole, however, it had risen by 1.8 percentage points to 10.8 percent, as the company announced on Thursday (8 July) in Boulogne-Billancourt near Paris the Romanian low-cost brand Dacia and the Renault Samsung Motors brand. In the middle of the year the group expects a loss despite the good sales figures. The flow of capital was 'clearly positive'. But Nissan and Volvo (trucks) contributed a loss of more than 1.2 billion euros in the first quarter, and the Russian subsidiary AvtoVAZ is also in the red.

Renault looks to the second half of the year with mixed feelings. In Europe, the downward trend observed since April will likely continue, it said. Outside of Europe, however, growth can be expected. Worldwide, Renault expects market growth of around eight percent in 2010 compared to 2009. In Europe, a minus of between seven and nine percent is expected.

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