Renault reports net losses of 141 million euros in 2019 – Saudi Gazette

Renault reports net losses of 141 million euros in 2019 – Saudi Gazette

Renault reports net losses of 141 million euros in 2019. PARIS- French carmaker Renault went into the red last year, the first time in a decade, with net losses of 141 million euros ($152 million) due to lower sales and a falling contribution from its Japanese partner Nissan.. Last year saw group operating margin drop from 6.3 percent to 4.8 percent, though Renault stated that it "achieved its targets, revised in October," despite "a troubled context.. In a struggling global auto market Renault saw group revenues slide 3.3 percent to 55.5 billion euros while confirming sales dropped 3.4 percent at 3.75 million vehicles..