Renault reports net income of ‚¬823 million

Commenting on the results, Renault President and CEO Carlos Ghosn, said, "The actions we have undertaken are paying off. All Group brands and Regions increased market share. We also controlled our costs, benefiting from synergies within the Alliance. In an uncertain environment in the second half of 2010, the Group will continue to focus on its key target of generating positive free cash flow for the full year."

The Group posted a significant improvement in earnings. Group revenues totaled ‚¬19,668 million, up 23.1%. Driven by strong sales and increased market share, Automotive contributed ‚¬18,778 million to consolidated revenues, an increase of 24.4%. This improvement on first-half 2009 was fueled chiefly by a positive volume effect.

The Group's consolidated operating margin in the first half 2010 reached ‚¬780 million, or 4% of revenues, compared with a negative ‚¬620 million, or -3.9% of revenues, in the first half of 2009.