First-half net loss was £2.3 billion
31 July 2009

Renault has announced a net loss of 2.7 billion euros (£2.3bn) for the first half of 2009.

Renault CEO Carlos Ghosn said, “We anticipated the crisis from July 2008 and made the first decisions necessary to weather it. Today, Renault is showing resilience, as illustrated by our significantly positive free cashflow.

“We are already preparing Renault for the post-crisis period with the mass marketing of zero-emission vehicles from 2011, the expansion of the entry-level range, consolidation of our presence in emerging markets and a drive to accelerate and expand synergies with Nissan.”

Renault has recently launched a new Megane, Scenic and facelifted Clio, so it is expecting better results for the second half of the year. Renault’s group global market share remained at 3.7 per cent for the same period.

Twitter - follow autocar.co.ukSee all the latest Renault reviews, news and video

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • BMW X3
    Car review
    19 January 2018
    The stakes have never been higher for BMW’s mid-sized SUV, now the X3 in its third generation. So can it deliver?
  • Nissan Leaf
    First Drive
    19 January 2018
    Better looks, better value, better range, stronger performance and a quiet and relaxing drive make the Nissan Leaf a leading EV contender again
  • Volkswagen Up GTI
    First Drive
    18 January 2018
    Funky, light, enjoyable and even reasonably priced, the Volkswagen Up GTI is a car to be appreciated on its own compelling terms
  • Skoda Fabia 1.0 TSI 110 Redline
    First Drive
    18 January 2018
    Our first flavour of the 1.0 TSI-engined Skoda Fabia on UK roads shows it’s versatile but not all that sporty
  • Ford Ecosport 1.0 Ecoboost 125 Zetec front
    First Drive
    18 January 2018
    Can the updated Ford Ecosport improve its reputation and become the small SUV of choice, or is it another misguided effort from the Blue Oval?