Renault net profit up but Russian unit a drag

Renault said Friday net profit for 2015 was up 48.1 percent to 2.96 billion euros ($3.3 billion), allowing it to hit profitability targets two years early, but it took a hit in Russia. Renault, which operates Avtovaz with its partner Nissan and Russian carmaker Rostec, said the Russian car market slumped 35 percent as the country's economy was slowed dramatically by international sanctions over its action in Ukraine and by the crash in oil prices. The French company said it was in talks with sha