Nissan to contribute 415 million euros to Renault's Q1 net income

PARIS: Renault said on Monday Nissan Motor Co will contribute 415 million euros ($571 million)to the French car maker's net income in the first quarter of 2014.

Nissan said earlier on Monday that its net profit rose 4.8 per cent year-on-year for the three months to March 2014 to 114.9 billion yen ($1.13 billion).

Renault, which owns 43.4 per cent in Nissan, is to publish its earnings for the first half of the year on July 29.