Renault Profit Soars on Lower Restructuring Costs

February 12, 2015 7:16 AM

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French car maker Renault says its earnings soared last year thanks to lower restructuring costs, and forecasts further growth in 2015.

France's number two car maker behind PSA Peugeot Citroen says in a statement Thursday net profit more than doubled to 1.89 billion euros ($2.1 billion) last year, while new car and light truck registrations climbed 3.2 percent to 2.7 million vehicles. Renault's 2013 earnings were weighed down by a 1...

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