Renault reports net income of 823 million euros, a Group operating margin of 4% and a positive Automotive free cashflow of 1.4 billion euros

Worldwide sales grew 21.7% and the Group's share of the global passenger car and light commercial vehicle market reached 3.8% (+0.15 points).

Commenting on the results, Renault President and CEO Carlos Ghosn, said, "The actions we have undertaken are paying off. All Group brands and Regions increased market share. We also controlled our costs, benefiting from synergies within the Alliance. In an uncertain environment in the second half of 2010, the Group will continue to focus on its key target of generating positive free cash flow for the full year."

News Source: Renault