The Limited Times

Now you can see non-English news...

The European automobile raises its head

2020-10-23T18:54:58.102Z


Renault recorded a drop in its quarterly figure of 3.2%, after a collapse in the first half.The situation is improving on the automotive front. Renault reported third quarter 2020 revenue of € 10.37 billion. At constant exchange rates and perimeter, the decline reached 3.2%. The decline in activity is continuing, therefore, but it has nothing to do with that of the first half, when it stood at 32.9%! Read also: Renault: Luca de Meo's plan to accelerate in the electric In terms of numbe


The situation is improving on the automotive front.

Renault reported third quarter 2020 revenue of € 10.37 billion.

At constant exchange rates and perimeter, the decline reached 3.2%.

The decline in activity is continuing, therefore, but it has nothing to do with that of the first half, when it stood at 32.9%!

Read also:

Renault: Luca de Meo's plan to accelerate in the electric

In terms of number of vehicles, sales fell 6.1% over the period from July to September.

Over the first nine months of the year, however, the fall was still very significant, at - 26% with 2.06 million vehicles sold.

“After the disastrous effects of containment in Europe in the second quarter, we have seen a strong recovery in volume,”

explained Clotilde Delbos, deputy general manager of Renault.

Despite this recovery from one quarter to the next,

"demand on developing markets continues to decline,"

admitted Clotilde Delbos.

In addition, negative exchange rates in almost all markets

This article is for subscribers only.

You have 69% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

Enter your email

Already subscribed?

Log in

Source: lefigaro

All business articles on 2020-10-23

You may like

News/Politics 2024-03-18T11:37:52.938Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.