HomeAbout

TL;DR CNBC


Renault shares plunge 18% after French carmaker lowers guidance, appoints new interim CEO - TL;DR CNBC

Renault shares plunge 18% after French carmaker lowers guidance, appoints new interim CEO

Publishing timestamp: 2025-07-16 07:36:49


Summary

Renault's shares fell 18% after lowering financial guidance and appointing new interim CEO. The company is facing challenges from muted European demand and rising competition from Chinese car manufacturers. Analysts at Deutsche Bank cut their target price on Renault's stock.


Sentiment: NEGATIVE

Tickers: RNO-FRVOW3-DESTLA

Keywords: transportationstellantis nvbusinessbreaking news: businessbusiness newsvolkswagen agautosbreaking news: europerenault sa

Source: https://www.cnbc.com/2025/07/16/renault-shares-fall-after-french-carmaker-lowers-2025-guidance.html


Developed by Leo Phan