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Renault shares plunge 17% after French carmaker lowers guidance, appoints new interim CEO
CNBC·2025-07-16 15:38

A Renault Espace E-Tech full Hybrid (L) and a Megane E-Tech 100% Electric EV (C) are displayed during the Geneva Motor Show 2024 at Palexpo on Feb. 26, 2024 in Geneva, Switzerland. Shares of French carmaker Renault plunged on Wednesday after the company lowered its 2025 guidance and announced the appointment of a new interim chief executive officer. The Paris-listed stock was last seen trading 16.6% lower. The company is also aiming for a free cash-flow between 1 billion euros ($1.16 billion) and 1.5 billio ...