FRANCE: Renault plans to have zero debt by 2005
Renault will erase its debt in three years, chairman Louis Schweitzer said, a few hours after the French carmaker's Nissan unit announced it had cleaned up all its net automotive debt in 2002 thanks to record profits. "We want to have zero debt by the end of 2005," Schweitzer told Automotive News Europe during the recent Barcelona motor show.
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