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 | Azerbaijan's defense spending set to increase by 11% Azerbaijan's spending on defense and national security will increase by 11%, according to a fresh bill. Armenian PM’s helicopter makes emergency landing in Vanadzor The helicopter transporting Armenian Prime Minister Nikol Pashinyan made an emergency landing in Vanadzor. Lavrov says envoys “periodically” summoned for consultations Sergei Lavrov has commented Moscow’s summoning of Russian Ambassador to Armenia Sergei Kopyrkin. Russian Ambassador to Armenia summoned to Moscow for consultations Russian Ambassador to Armenia Sergei Kopyrkin has been summoned to Moscow for consultations. |