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Renault Trims Revenue Outlook, Sending Shares Sharply Lower

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

18.10.2019

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

Renault cut its revenue and operating-margin guidance for the year, citing slumping sales outside Europe and higher costs associated with developing cleaner car models.

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...

Read more: The Wall Street Journal

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