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Logan car boosts Renault sale

Marţi, 25 aprilie 2006, 0:00

The car maker Renault recorded 10,54 bln Euros in the first trimester of 2006, up 5.8 percent compared to the same time period last year, when revenues amounted 9,69 bln Euros. Positive results were recorded,despite the sales drop of new cars, due to a hike of sales of machine exchange parts and to the Euro exchange rate.

In Europe sales dropped 7 percent, while in the rest of the world the sales went up 12.4 percent due to the great success of Renault's new low-cost car, called 'Logan', a car type that accounts for 7.5 percent of the total revenue.

Shares also went up 5.8 percent on Tuesday, up to 90.95 Euros/share, reaching a maximum since the 1996 company’s privatization.

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