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07-30-2020, 09:07 AM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Nissan (https://www.autoblog.com/nissan),Renault (https://www.autoblog.com/category/renault/)
https://o.aolcdn.com/images/dims3/GLOB/crop/5432x3055+0+481/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-07/e26848c0-d260-11ea-b7fb-7d671c9d8e6b French carmaker Renault said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan. Renault shares were down 3.3% when trading opened in Paris. "Today's results will be a disturbing wake up call," CEO Luca de Meo, the former Volkswagen executive who started at Renault this month, said on a call with analysts.Continue reading Renault gets a 'wake-up call' — a record $8.6 billion loss (https://www.autoblog.com/2020/07/30/renault-posts-record-loss-7-billion-euros/)
Renault gets a 'wake-up call' — a record $8.6 billion loss (https://www.autoblog.com/2020/07/30/renault-posts-record-loss-7-billion-euros/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 30 Jul 2020 08:33:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/07/30/renault-posts-record-loss-7-billion-euros/) | Email this (https://www.autoblog.com/forward/2253785/) | Comments (https://www.autoblog.com/2020/07/30/renault-posts-record-loss-7-billion-euros/#comments)
More... (https://www.autoblog.com/2020/07/30/renault-posts-record-loss-7-billion-euros/)
https://o.aolcdn.com/images/dims3/GLOB/crop/5432x3055+0+481/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-07/e26848c0-d260-11ea-b7fb-7d671c9d8e6b French carmaker Renault said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan. Renault shares were down 3.3% when trading opened in Paris. "Today's results will be a disturbing wake up call," CEO Luca de Meo, the former Volkswagen executive who started at Renault this month, said on a call with analysts.Continue reading Renault gets a 'wake-up call' — a record $8.6 billion loss (https://www.autoblog.com/2020/07/30/renault-posts-record-loss-7-billion-euros/)
Renault gets a 'wake-up call' — a record $8.6 billion loss (https://www.autoblog.com/2020/07/30/renault-posts-record-loss-7-billion-euros/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 30 Jul 2020 08:33:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/07/30/renault-posts-record-loss-7-billion-euros/) | Email this (https://www.autoblog.com/forward/2253785/) | Comments (https://www.autoblog.com/2020/07/30/renault-posts-record-loss-7-billion-euros/#comments)
More... (https://www.autoblog.com/2020/07/30/renault-posts-record-loss-7-billion-euros/)