Renault sales boost 13 percent on new models, European recovery

Renault recorded a 13 percent boost in third-quarter profits, the French automaker stated on Tuesday, as a recuperating European market raised sales of its brand-new Megane and Kadjar designs.

Profits rose to 10.55 billion euros ($11.5 billion) in the 3 months ended September 30 from 9.34 billion a year previously, the automaker stated in a declaration.

The international automobile industry will expand 1.7 percent in 2016, Renault likewise anticipated, repeating its full-year objectives consisting of a boost in group income and operating margin.