Renault mimics French banks to boost growth

Several top French companies have posted strong results for last year, despite lagging economic growth in France.

18th February, 2006

Several top French companies have posted strong results for last year, despite lagging economic growth in France. The country’s 40 largest listed companies earned an estimated €60 billion in profits last year, mostly through aggressive expansion abroad.

This trend was best exemplified by Renault. Its new head Carlos Ghosn, who is also chief executive of Nissan, said that the car manufacturer increased sales by 1.9 per cent last year to €41.3 billion and returned...

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