Renault Defies Market Trends with 1.8% Revenue Increase in Q3

The French automaker's strategic model launches and maintained pricing have bolstered its performance amid a slowing auto industry.

Renault's third-quarter revenue rose to 10.7 billion euros, surpassing analyst expectations despite a 0.5% dip in auto sales.
The company attributes its financial success to the introduction of new models, including the electric Scenic and updated Duster SUV.
Renault maintained its 2024 financial targets, unlike many competitors who revised their outlooks downward due to market challenges.
Electric vehicle sales were at a low, but Renault plans to expand its lineup to meet European CO2 emissions targets without reducing ICE vehicle sales.
The company's share price increased over 7% in Paris trading, reflecting investor confidence in its strategic direction and product offerings.