FRANCE: Renault braces for tough times
Renault has announced a stronger than expected first half operating margin of 4.1% versus 3.5% in the same period of last year. However, the firm cuts its expectations for 2009 sales and said that the 'deterioration in the macroeconomic environment has far exceeded the worst-case scenarios envisaged when Renault Commitment 2009 was launched two years ago'.
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