YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
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.
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