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Discussion Starter · #1 ·
Renault has reported a huge 87% drop in profits for the first half of 2013.

Net income for the 6 months to June fell 87% to 97m euros (£83m) down from 774m euros a year earlier.

The firm took a 512m euro charge after pulling all its operations out of Iran because of international sanctions over Iran's nuclear program.

Weak European demand added to its problems. [BBC]
 

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Most car manufacturers are struggling at the moment with over supply and too many factories.
 

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With Renault being state owned I doubt they'll be worrying too much.

I think with the way Renault have started aiming their own brand as a premium one and Dacia as a budget option, they'll see themselves through the rough patches better than most other manufacturers.
 

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Discussion Starter · #5 ·

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Renault historically have never had a reputation for good profitably, like many modern day vehicle manufacturers they have been bailed out by governments keen to protect jobs.
 

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Discussion Starter · #8 ·
Yeah, they are not in dire straits. Not like when they were losing a billion Francs a month in 1984.

They also own 80% of Samsung's car division, 25% of AutoVAZ (Lada), just under 100% of Dacia and 1.5% of Daimler.

They also own dealerships and RCI Banque which provides the finance for new cars.

They are Europe's 3rd largest Auto Group, after Volkswagen and Peugeot/Citroen, and the 9th largest worldwide.
 
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