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Renault to return to profitability by 2011.

Auto Business News-4 May 2010-Renault to return to profitability by 2011(C)2010 ENPublishing - http://www.enpublishing.co.uk

Auto Business News - 04 May 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Renault SA (Renault) (EURONEXT: RNO), a France-based automaker, is aiming to return to profitability by the end of 2011, according to CEO Carlos Ghosn.

Ghosn expects the automaker to report a positive cash flow in 2010, with the company achieving net profit by 2011.

Ghosn said, 'We will announce a medium-term plan at the end of 2010 because we think the crisis which touched the automobile industry should definitively be part of the past.'

[Editorial queries for this story should be sent to abn@enpublishing.co.uk]

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Publication:Auto Business News (ABN)
Date:May 4, 2010
Words:130
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