YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Renault's profits plunge 99%

Posted online

Renault reported net earnings of $21 million in 2019, a 99% drop from $3.8 billion in 2018.

Contributions from Nissan, in which it holds a controlling stake, slid nearly 85%. CNN Business cited the impact of former Chairman Carol Ghosn, who recently jumped bail and escaped to Lebanon after being accused of financial misconduct.

Luca de Meo is slated to become Renault's CEO in July following the dismissal of Ghosn's immediate successor, Thierry Bollore.

Read more from CNN Business.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Lucid TLC Arts

Artist Tiffany Collins moved her Nixa art gallery, Lucid TLC Arts LLC, to a new location; a crystal jewelry maker who started on Etsy expanded with a storefront; and Fleur Floral Studio LLC transitioned to a home-based venture.

Most Read
SBJ.net Poll
Update cookies preferences