Global Analysis from the European Perspective. Preparing for the world of tomorrow

Renault warns sales to fall in 2019 as automakers struggle

France’s Renault on Thursday cut its revenue guidance for 2019 further and lowered its profitability forecast, citing difficulties in markets such as Turkey and Argentina as carmakers grapple with a broad-based slump in auto sales.

Renault, which has just rejigged its top management as it tries to draw a line under a scandal surrounding former boss Carlos Ghosn, said sales were likely to drop between 3% and 4% this year. Source ET Auto

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