FRANCE: Renault profitability slumped in 2001, but Nissan provides boost
Renault SA's posted net income slightly down in 2001 at EUR1,051m, versus EUR1,080m in 2000. However, the results would have been considerably worse but for a positive contribution of EUR497m from Nissan. Operating margin slumped from declined from EUR473m from EUR2.022b in the previous year. The company blamed weaker international sales, hit by crises in Turkey and Argentina, as well as the impact of higher R&D expenditure prior to a period of major product renewal for Renault.
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