French carmaker Renault announced today it has managed to achieve its goal of positive free cash flow for 2009, despite the 10.8 percent decrease in revenues for the year. The carmaker earned 33.7 billion euros in 2009, mostly due to the 28 percent surge registered for the last quarter.
The group’s operating loss was 955 million euros, while the net loss, most of which comes from the contribution from associated companies, stands at 3.07 billion. The positive free cash flow mentioned above w… (read more)