Renault lowers 2025 guidance, names finance chief Minto
Digest more
Bernstein luxury analyst Luca Solca thinks Luca de Meo should fix the management organization, and curb debt levels.
Shares of Renault (RNO.PA) are being clobbered after the automaker cut its full-year operating profit margin outlook. The company also named CFO Duncan Minto as its interim CEO. Yahoo Finance Senior Autos Reporter Pras Subramanian reports the details.
The carmaker disappointed with its preliminary financial figures for the past six months and has not yet found a permanent successor to former CEO Luca de Meo, instead appointing an interim leader.Vie
Shares in Renault plunged over 16% on Wednesday after the French carmaker slashed its 2025 financial guidance and named finance chief Duncan Minto as interim chief executive.