PARIS (Business) – Renault posted a 19.2% drop in first-quarter revenue to 10.13 billion euros (8.87 billion pounds).
Renault says that it was still too early to assess what the coronavirus impact would be on its earnings this year.
Renault already cancelled its dividend and suspended its financial guidance. It has been hit hard by coronavirus as demand for cars plummets. Most of the dealerships and production sites have closed.
Renault had 10.3 billion euros of liquidity reserves at end-March, 5.5 billion euros lesser than 2019 end.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.
