Renault Trims Revenue Outlook, Sending Shares Sharply Lower

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Shares in Renault fell sharply after the French auto maker cuts revenue, operating margin guidance

PARIS—Renault SA cut its revenue and operating-margin guidance for the year, citing slumping sales outside Europe and higher costs associated with developing cleaner car models.Renault said group revenue is expected to decline between 3% and 4%, compared with previous expectations of.

 

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I wonder if EU boycott is kicking in?

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