Reported about 8 hours ago
Renault's shares fell by up to 18% following a profit warning and the announcement of Duncan Minto as interim CEO, shortly after CEO Luca de Meo's departure. The automaker reported weak June sales and lowered its full-year operating profit margin target to 6.5%, below the previous 7% expectation. Despite outperforming its peers earlier this year, analysts predict ongoing market pressures and increased competition in the European car market, raising concerns over leadership stability.
Source: YAHOO