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-FR, VOW3-DE, STLA,
Keywords: transportation, stellantis nv, business, breaking news: business, business news, volkswagen ag, autos, breaking news: europe, renault sa,
Source: https://www.cnbc.com/2025/07/16/renault-shares-fall-after-french-carmaker-lowers-2025-guidance.html