Renault profit up but headlights on struggling Russian unit

Renault said Friday net profit for 2015 was up nearly 50 percent to 2.96 billion euros ($3.3 billion) despite a hit from its Russian subsidiary which Renault said it may recapitalise and take over to save it from collapse. The French carmaker said it was in talks with the holding company of its Russian unit, Avtovaz, after it took a 620 million euro loss in Russia as the economy slowed drastically last year. Renault said in a statement the talks would examine the feasibility of "a recapitalisati