Renault could post record 2010 profit: Le Figaro

Gasgoo From Reuters

French automaker Renault (RENA.PA) could post a record net profit of 3.3 billion euros ($4.4 billion) this year, compared with a loss of 3 billion a year ago, Le Figaro newspaper reported in a preview of its Monday edition.

The company will sell almost 2.6 million cars this year, the newspaper added, without saying where it obtained the information. Profits will come mainly from the sale of a stake in truckmaker Volvo (VOLVb.ST) and from partner Nissan (7201.T), the newspaper added.

A spokeswoman for Renault said: "We expect to have a record year in terms of car sales."

She added that the full-year results would not be published until February 10.

Le Figaro added that Renault was putting the finishing touches to its strategic plan.

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