Filed under:
Earnings/Financials,
Nissan,
Renault
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
Renault gets a 'wake-up call' — a record $8.6 billion loss originally appeared on
Autoblog on Thu, 30 Jul 2020 08:33:00 EDT. Please see our
terms for use of feeds.
Permalink |
Email this |
Comments
More...
Renault gets a 'wake-up call' — a record $8.6 billion loss
