Renault plans $2.2 billion cost cuts after first loss in a decade – Gulf Today

Renault plans $2.2 billion cost cuts after first loss in a decade – Gulf Today

" Renault could not afford to wait for De Meo's arrival in July to attack costs, Delbos said, adding that nothing would be "taboo" as it reviews its business.. "We're very confident that there is no topic on cash availability within the group," Delbos said.. Nissan the week had its first quarterly loss in nearly ten years and cut its operating profit forecast.. Nissan on Thursday posted its first quarterly net loss in almost ten years and warned that full-year operating profit would be its weakest in 11 years..