Renault reports first net losses in decade for 2019

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Renault said on Friday that it went into the red last year for the first time in a decade on lower sales and a falling contribution from its Japanese partner Nissan. Renault said in a statement it suffered net losses of 141 million euros ($152 million). It added the outlook for 2020 was bleak with a fresh fall in operational profitability expected and did not rule out possible plant closures. Last year saw group operating margin drop from 6.3 per cent to 4.8 per cent, though Renault stated that it...

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