Summary Box: Renault earnings down

: Renault SA 2011 earnings fell compared to a year earlier when the French car maker booked an €2 billion ($2.62 billion) gain on the sale of part of its stake in Sweden's Volvo AB. Net profit was €2.1 billion, down from €3.4 billion.

RECEDING SALES: Renault expects its core French car market to shrink by up to 8 percent this year, while the overall European car market will decline by 3 to 4 percent.

LOOKING BACK: Last year Renault sold over 2.72 million cars globally. Gains came mainly outside Europe, notably in Russia, Turkey and Latin America.

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