Demand is low and the rattlesnake hits Renault's profits

Renault expects a drop in its turnover this year, giving up on a previous target, after the first half earnings were affected by weak car demand and the collapse of Nissan's partner to following the scandal Carlos Ghosn.

Net profit decreased by more than half, to 970 million euros (1.08 billion dollars) between January and June, with a turnover down 6.4% to 28, 05 billion euros, announced the French manufacturer. Operating profit decreased 13.6% to 1.65 billion euros.

"Given declining demand, the group is now expecting revenues for 2019 to be close to those of last year," Reno said, giving up a previous promise of "no money". increase revenue before the impact of the currency.

A mbadive drop in car sales has disrupted the sector, raising caveats on profits and raising challenges for Renault and Nissan, facing difficulties in replicating the Ghosn era. The former president of their alliance is now awaiting trial in Japan for financial irregularities that he denies.