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Renault sales rise on new models, Lada consolidation

FILE PHOTO: The logo of Renault is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017. REUTERS/Arnd Wiegmann/File Photo (Reuters)

PARIS (Reuters) - Renault said on Thursday its first-quarter revenue rose more than a quarter as the French carmaker launched new models and production deals, and began consolidating Lada sales by Russian affiliate Avtovaz. Revenue increased to 13.13 billion euros (10.98 billion pounds) in January-March from 10.49 billion a year earlier, the company said in a statement. The French manufacturer reiterated 2017 goals including an increase to operating profit and revenue at constant exchange rates. It also lifted its global auto-market growth forecast for the year to 1.5-2.5 percent, from 1.5-2 percent previously. (Reporting by Laurence Frost; Editing by Tim Hepher)