Ghosn: It's time for bigger profits at Dacia

Carlos Ghosn, chairman of the French group Renault, the owner of Automobile Dacia (Dacia Automotive), believes that the company’s profitability will increase in the 2007-2008 period, pointing out that of late profitability has been damaged by investment, as well as by the restructuring of the plant. “In 2007 or 2008, Dacia and Logan will become an active factor not only behind Renault’s growth, but also in terms of profitability. If we consider Dacia’s profitability against the rest of Renault, the results are not exceptional, but considering the potential of the brand, I am optimistic,” said Ghosn at the Paris Auto Show. Dacia posted a net profit worth 82 million euros last year, and a turnover worth 1.2 billion euros, against losses worth 73 million euros in 2004, and business worth 592 million euros.