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Renault chief operating officer Carlos Tavares attends the company’s first-half 2013 results presentation in Boulogne-Billancourt, near Paris, on July 26, 2013. (REUTERS/Benoit Tessier)


Renault reports weak earnings on Iran write off

Renault reports weak earnings on Iran write off

by | Jul 27, 2013 | Business

Paris, AP—French carmaker Renault blamed a massive write off on the value of its operations in Iran for a steep drop in its first half earnings. The maker of the Clio and Megane hatchbacks said Friday it took a USD 512 million (USD 680 million) charge to write off the...