Renault posts revenue gain on stronger pricing

Renault's (RENA.PA) third-quarter revenue rose 6.7 percent as price increases helped overcome weaker emerging market sales, the French carmaker said on Wednesday, upgrading its European auto market growth forecast for the full year. Revenue rose to 8.53 billion euros ($10.9 billion) in July-September from 8 billion a year earlier, Renault said in a statement, even as deliveries declined slightly to 612,934 vehicles globally from 614,888. The gains in Europe, powered by new model launches such as the Captur mini-sport utility vehicle, "offset declines in Renault group's main emerging markets", the company said. Renault's low-cost cars and emerging market presence helped it ride out a six-year European auto slump that ended last year.

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