"Management has a very good focus on all the important issues," said Kristina Church, a Barclays analyst in London who awarded an 'overweight rating' on Renaultís share. "They've managed to keep cash burn to a minimum and they're not trying to push volumes too much through discounts. In a difficult and uncertain environment, Renault remains on track to meet its 2012 objective of positive automotive operational free cash flow," said Renault's Chief Executive Officer, Carlos Ghosn, in a statement.
Renault's balance sheet looks even more impressive when compared to fellow French carmaker, PSA Peugeot Citroen, which reported a first-half loss of 662 million euros with plans to cut 8,000 jobs and close a factory on the outskirts of Paris.
I am confident that the funky new Clio hatchback will be well-received by consumers and further contribute to Renaultís overall sales.