Renault earnings soar thanks to lower restructuring costsFebruary 12, 2015 - 11:25 AMT PanARMENIAN.Net - French car maker Renault says its earnings soared last year thanks to lower restructuring costs, and forecasts further growth in 2015, the Associated Press reports. 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 1.3-billion-euro restructuring charge. The maker of the best-selling Clio hatchback forecast 2 percent growth in Europe's car market this year but warned it expects "high volatility" in its main emerging markets. Europe's car market grew 5.7 percent in 2014, the first positive year-on-year result since the global financial crisis began in 2007. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |