Renault beats Q3 forecasts as new launches lift sales

French carmaker Renault reported an unexpected rise in quarterly revenues on Thursday, as strong demand for its pricier new models helped it offset lower total volumes. Revenues came in at 10.7 billion euros ($11.55 billion), up 1.8% from a year earlier and beating an analysts' consensus forecast of 10.35 billion euros provided by the company. Renault, one of the few European car manufacturers that has not revised its forecasts downwards in recent weeks amid a severe market slump, also confirmed it is aiming for a margin of at least 7.5% for 2024.