Renault returns to growth at the end of 2019, cites cynicism on 2020 volume target


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Renault returns to growth at the end of 2019, cites cynicism on 2020 volume target

Earlier on Friday, the 17th of January 2020, Boulogne-Billancourt-based French multinational automotive industry behemoth, Renault SA had revealed its fourth quarterly delivery report, which had surprisingly beaten analysts’ estimate as the French carmaker in which the French Government owns a 15 per cent stake, had returned in to growth at the end 2019, boosted up by a number of new launches despite growing discontent following arrest and dissmissal of former Nissan-Renault-Mitsubishi alliance boss Carlos Ghosn.

Meanwhile, despite an upbeat fourth quarterly result that pushed the 120-year-old French automobile manufacturer’s shares’ prices higher by more than 2.80 per cent in the pre-market trading to €40.46 per share, Renault executives had raised an alarming bell about the carmaker’s ability to reach its volume target 2020, as the carmaker would have to play with caution amid some tattering threshold narratives including the Groupe’s reform and tie-up with alliance partner Nissan Motor Co.

following an astounding escape of Ghosn from Japan alongside market governance. Besides, according to the French carmaker’s Friday’s (January 17th) quarterly earnings’ report, although the carmaker had managed to coffer some operational profits at the end of the year despite a steep downturn in sales of passenger vehicles, as a whole, Renault SA reported a drop of 3.4 per cent deliveries to 3.75 million units across the globe last year, as the Paris-listed shares’ prices of Renault SA ended the day down by 0.70 per cent to €39.26 per cent a share despite a solid beginning of the day.