Renault cuts FY25 outlook, names interim CEO as sales
Renault has lowered its FY25 margin forecast to 6.5% and halved its cash flow guidance after a €900 million working capital hit. CFO Duncan Minto was named interim CEO as soft LCV sales, billing delays, and high inventories pressured H1 performance. The company plans further cost cuts amid weakening retail demand, with US shares down 5.4% YTD.