Plus   Neg

Groupe Renault Q1 Revenue Down 19.2% - Quick Facts

Groupe Renault (RNSDY.PK,RNSDF.PK,RNT.L) reported first quarter Group revenues of 10.125 billion euros, down 19.2% from prior year. At constant exchange rates and perimeter, Group revenues would have decreased by 18.3%. Automotive excluding AVTOVAZ revenues was at 8.59 billion euros, down 21.3%.

Global sales declined by 25.9% year-on-year, to 672,962 units in the first quarter of 2020. Groupe Renault suspended its commercial and production activities in most countries during the month of March.

In March, Groupe Renault suspended its 2020 guidance due to the uncertainties related to the Covid-19. The Group said it undertakes to restart commercial and production activities in countries where safety and regulatory conditions permit.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Kader Exports pvt. Ltd. is recalling certain consignments of various frozen cooked shrimp citing potential contamination with Salmonella, according to the U.S. Food and Drug Administration. The affected frozen cooked, peeled and deveined shrimp products were sold in 1lb, 1.5lb., and 2lb. retail bags. They were distributed from late February 2020 to Mid-May 2020 across the nation. The former chief executive officer of Hertz Global Holdings, Mark Frissora, agreed to pay about $2.2 million to settle the U.S. Securities and Exchange Commission's claims that he played a key role in causing the now-bankrupt car-rental company to file inaccurate financial statements in 2013. Daimler AG, the maker of Mercedes-Benz cars, said Thursday that it has agreed to pay more than $2.2 billion to settle U.S. claims over emissions from its diesel vehicles.
Follow RTT