
French carmaker Renault (PA:) on Friday cut its 2019 revenue outlook, on the back of falling demand and tough conditions within the automotive industry.
Renault said it was now expecting 2019 revenue to be close to last year’s level, down from its previous full-year revenue guidance.
The global auto industry has been hit by China’s slowing economy and a trade dispute between Beijing and Washington.
Earlier this week, Renault’s partner Nissan unveiled its biggest restructuring plan in a decade, while Aston Martin cut its 2019 volumes forecast.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.