Renault warns 2019 sales drop will be steeper than expected

Renault warns 2019 sales drop will be steeper than expected

France’s Renault on Thursday cut its revenue guidance for 2019 further and lowered its profitability forecast. Renault said sales were likely to drop between 3 per cent and 4 per cent this year. The company said the revised guidance was also due to Renault’s struggle to shrink R&D costs as much as it had planned to at the start of the second half.

KCooper
KCooper
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