Renault, the French automobile major, posted a loss this quarter leaving its shares to trade down by 5% in market. For the 2010 year ahead it has made no forecast to share in its transcripts.

Renault, the manufacturer of luxury machines is facing trouble due to economic slowdown in the global markets and expects a tough situation to combat within year 2010, as a 10 percent dip in the European market has given it a jitter on its nerves.

The year 2010 holds a lot of uncertainty and vague skies for Renault, thus the company doesn't want to waste its time in corrections of financial forecast for the year rather than it should pull its socks to get some orders in its bounty to avoid the same situation in the year ahead.

Last year Renault posted a net loss of 3.07 billion euros, which stretched out the estimates of many analysts considering the same near around a 2.59 billion net loss.

However the company is beginning its year with a positive hope and many targets to cover while adding to the wound Autos specialist Michael Tyndall commented that the market disappointment aroused from the fact that Renault was not positive enough to make a profit.

After the launch of scrappage incentive scheme the group did make worthy earnings in 2009 but crossing the year the scheme expired in the market tastes.

Renault shares dipped down by 5.5 percent, at 30.97 Euro during the trading hours. The company further pledged to focus on generating positive cash flow in a tough 2010 market environment.

Renault plans to achieve its target this year by some cost cutting, new products inclusion, better working capital management and using synergies to the best to end the year on a positive note if it hasn't begun with the same.

The target for this year's synergy is, 1 billion euros with Nissan for 2010.

Company made a sleek cut in the automobile division debt accounting of 2.02 billion euros to 5.92 billion by year end. The group just wants to rid off the debt this year without thinking of goals and success with a aggressive go the company has already begun its tough journey of survival in 2010. The estimates count that every 1 billion reduction in the net debt would worth 4 euros per share.

Renault's full-year sales slithered to a 10.8 percent to 33.7 billion euros.