This Week:

• Mercedes-Benz to Debut All-New SL Coupe-Roadster; New SL Features Retractable Hardtop and First-Ever Electronic Brakes
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• Cadillac To Unveil All-New 2003 Cadillac CTS At Pebble Beach Concours D'Elegance
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• Stillo joins Toyota Financial Services as their Vice President and CFO
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• Porsche sets the course for growth in Asia
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• Practicality meets Fun in TH!NK neighbor
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• General Motors Foundation Donates $1 Million To The New Detroit Science Center
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• Renault’s Financial reports
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• Christopher J. Hamer Named OnStar Director Of Marketing Communications
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• PSA PEUGEOT CITROËN Growth in Interim Sales, Market Share and Earnings
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• Johnson Controls Will Build New Plant in Mississippi to Supply Interior Systems for Future Nissan Models

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News of  August 01, 2001

Renault’s Financial reports

Paris - In the first half of 2001, Renault reports net income of EUR779 million, or EUR3.25 per share, on a 5.6% rise in revenues.

In the first half of 2001, Renault posted net income of EUR779 million, compared with EUR233 million in the first half of 2000, on total revenues of EUR18,832 million, up 5.6% on a consistent basis. These results came at a more difficult time for the Group in Europe, alongside crises in Turkey and Argentina, and underscored the impact of the Group's international expansion notably with Dacia and Samsung at this stage in its development. Nissan's recovery benefited both Renault and the Alliance, which was pursued at a rapid pace, and a number of projects were deployed in Europe and on international markets. Renault also made headway in the mid-range and the luxury segments, bolstered by the launch of Laguna II, and implemented the agreement with Volvo.

(July 26, 2001)

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