Renault’s losses grow

11/02/10 20:25 CET

corporate

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Renault has posted a wider-than-expected net loss for the whole of last year, almost 3.1 billion euros.

Anticipating a tough market this year, the French carmaker said it will focus on cash flow.

European new car sales fell by 1.6 percent last year. They would have worse but for government scrapping incentives.

Renault warned sales this year could be down 10 percent.

More about: Car industry, France, Renault

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