About: http://data.cimple.eu/news-article/032c9d605d5eef2896a461cfe9ec5a7291d7d0fa88f729fb144f9f71     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • French auto giant Renault said Friday that its sales were down in the third quarter, but the figure was cushioned by a boost for its electric models and as the global car market shows the first signs of recovery. Renault, which does not publish profits on a quarterly basis, said in a statement that revenues fell by 8.2 percent to 10.4 billion euros ($12.3 billion) in the three months to September and unit sales were down by 6.1 percent at 806,320 vehicles. Average analyst forecasts compiled by Bloomberg had anticipated third-quarter revenue of just under 10 billion euros. "The third quarter of 2020 is marked by a recovery in the trend of the global automobile market," Renault said. The strong euro was also a factor in the decline in sales as that makes the group's products more expensive to export. "At constant exchange rates, the decrease would have been 3.2 percent," the carmaker said. Renault said that "September showed a positive momentum, particularly marked in Europe, where group sales were up eight percent in a market up three percent." Sales of its battery-powered Zoe model, in particular, more than doubled, soaring by 150 percent. "This third quarter highlights the change in our commercial policy, which now focuses on profitability rather than volumes," said chief executive Luca de Meo. The group's electric and hybrid models "have been very well received, our liquidity reserves and our positive spirit give us confidence in the group's ability to start its recovery," de Meo said. bur-spm/lc
schema:headline
  • Renault says sales down in third quarter, but beat forecasts
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software