FRANCE: Renault posts full year losses but is cash positive

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Renault said on Thursday it had met its priority objective for 2009 of positive free cash flow after reported revenues down 10.8% year on year to EUR33.7bn though up 25% in the last quarter. Group operating margin was negative EUR396m, operating loss was EUR955m and the net loss was EUR3.07bn, half of which was attributable to the contribution from associated companies. Full story...