Renault to return to profitability by 2011.
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.'
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|Publication:||Auto Business News (ABN)|
|Date:||May 4, 2010|
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