French automaker Renault reported a record operating profit for 2024 on Thursday, slightly beating expectations, as lower costs and a string of new launches boosted margins.

Renault confirmed on Thursday it defied headwinds in the car industry by boosting revenue and attaining record profitability in 2024 thanks to the success of its new line up of vehicles, although net profit sank as it scaled back its partnership with Nissan.

PARIS (Reuters) - French automaker Renault reported a 3.6% increase in operating profit for 2024 on Thursday, beating expectations, as lower costs and a string of new launches boosted margins.

French automaker Renault reported a record operating profit for 2024 on Thursday, beating expectations, as lower costs and a string of new launches boosted margins. The company, one of the few in the sector to have maintained its targets last year,