Renault beats profit forecast, warns on EU emissions rules
Renault's record operating profit of 4.3 billion euros in 2024 was driven by lower costs and a string of new launches, exceeding expectations and beating its target margin. The company's revenue rose 7.4% to 56.2 billion euros, outpacing forecasts and driven by the success of new electric and hybrid models. Despite this strong performance, Renault warned that EU emissions rules will erode 500 million euros of operating profit in 2025.
- This news highlights the significant financial burdens that European automakers like Renault face due to increasingly stringent environmental regulations.
- How will the ongoing debate over the effectiveness and fairness of these regulations impact the long-term competitiveness of European car manufacturers?