France: French carmaker Renault said yesterday it booked a record year in 2016 and that it would not set aside any provisions for potential financial fallout from a diesel emissions probe.
Renault, which has now become France's biggest carmaker in terms of sales, said profits leapt almost 20 percent in 2016. Net profit jumped by 19.7 percent to €3.54bn last year on a 13.1-percent increase in revenues to €51.2bn.
Financial director Clotilde Delbos (pictured) described 2016 as "a very good year" in which the group reached all of its strategic targets, including an operating profit above 5 percent of revenue.
