Renault first-quarter sales rise 1.8%, helped by financing business

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Renault said its first-quarter revenue grew 1.8%, with good performance in its financing business offsetting a drop in turnover in core automotive sales.

French car maker Renault said on Tuesday its first-quarter revenue grew 1.8%, with good performance in its financing business offsetting a drop in turnover in core automotive sales.A Renault Scenic electric vehicle at the Munich Motor Show in Munich, Germany, on Tuesday, Sept. 5, 2023.French car maker Renault said on Tuesday its first-quarter revenue grew 1.8%, with good performance in its financing business offsetting a drop in turnover in core automotive sales.

Sales volumes at Renault, maker of the Clio and Twingo, returned to growth last year after declining for four years in a row, but prices are under pressure due to weak global demand.

 

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