Renault has posted first quarter group revenue of EUR9.072bn (US$12bn), up 28.4%, with global market share rising 0.37 points.

The automaker is reporting continued “strong momentum” in Europe with a market share increase of 2.2 points to 10.8%.

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Nonetheless, Renault expects the economic environment to remain “difficult in 2010 with a European market that could decline by 10%” on the total industry volume of 2009.

It adds the group is on track to meet its objectives for 2010 – to generate positive free cash flow and
increase market share.

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