Automakers

Renault swings back to profit after 2 years of losses

Renault Megane E-Tech Electric front 2021
Sales and production of the Renault Megane E-Tech Electric compact (shown) are starting to ramp up, with nearly 2,000 sales in July of the key model. Renault brand sales were up 14 percent for the month overall.
R
By:
Reuters
February 18, 2022 06:50 AM

PARIS -- Renault Group said on Friday that it returned to profitability in 2021, beating expectations and reversing out of two straight years of losses aggravated by the coronavirus pandemic and subsequent chip supply issues weighing on the auto industry.

Staying current is easy with newsletters delivered straight to your inbox.