Renault shares gain on raised targets for alliance with Japanese firm Nissan
AFPPARIS--Shares in French automaker Renault posted strong gains in afternoon trading on Monday after the company said it expected substantial additional savings via its alliance with the Japanese firm Nissan.
October 17, 2012, 12:05 am TWN
A Renault spokeswoman told AFP the group aimed to achieve synergies worth four billion euros (US$5.2 billion) by 2016, more than double the 2011 figure of 1.7 billion euros. Renault shares showed a gain of 4.60 percent to 35.94 euros in late trading, while the Paris CAC 40 index was up by 1.0 percent overall.