Consolidated Renault revenues totaled FRF 61,990 million (9,450 million Euro/$10,151 million/1,208 billion Yen) in the first quarter of 1999, an increase of 5.7% over the first quarter of 1998, and 5.9% calculated on a consistent basis.

Revenues of the Automobile Division were FRF 49,377 million (7,527 million Euro/$8,086 million/962 billion Yen) in the first quarter of 1999. That figure was 6% more than in the same period of 1998 (and 6.3% on a consistent basis). The Automobile Division accounted for 79.6% of Group revenues.

Clio,
one of Renault's most successful cars

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The agreement includes an increase in the total installed capacity at Dagenham to 300,000 units per year (up from the current 272,000), plus confirmation that Dagenham will be the sole Western European source for a second model line, with a capacity of 150,000 units per year. Both changes are subject to the achievement of agreed performance milestones.          ... see full article

• Operating profit improved by 16 %, adjusted net income by 23 %
• Robert J. Eaton: "Most integration projects are running ahead of schedule"
• Jürgen E. Schrempp: "We are off to a great start in 1999"

Auburn Hills/Stuttgart, Wednesday, April 28, 1999-- For January to March 1999, operating profit at DaimlerChrysler increased to Euro 2.8 billion up 16 % compared with the same period last year. The company reports that worldwide revenues were up 10 % compared with the first quarter 1998 to Euro 35.0 billion. All business divisions contributed to the increase in revenues and profits. On the basis of the first quarter of 1999, DaimlerChrysler expects further growth and improved profits for the full year.

Adjusted for one-time effects, the operating profit amounted to Euro 2.5 billion, also a growth of 16 %. Net income increased by 23 % to Euro 1.6 billion, calculated on a comparable basis. This net income figure is adjusted for one-time effects like the impact of the 1999 tax reform in Germany and the gain from the initial public offering (IPO) of debitel. Accordingly adjusted earnings per share were Euro 1.64, up from Euro 1.43 in the first quarter of 1998. Return on Net Assets (RONA) is reported on a yearly, rather than a quarterly basis.     ... see full article