The turnover of Renault decreased by 6.4% in the first half of 2019

The French automaker said on Friday that its net profit had dropped by more than half, to 970 million euros in the first half of 2019, with a turnover down 6.4% to 28.05 billion euros and operating profit down 13.6% to 1.65 billion euros.

Renault warned of a potential drop in its revenue this year, giving up a previous target after first-half earnings were affected by weak demand for cars and the collapse of the economy. Nissan's partner in an alliance following the scandal Carlos Ghosn.

"Given the decline in demand, the group is now expecting revenues for 2019 to be close to those of last year," Reno said, giving up a previous promise to generate revenue. earnings before the impact of the currency.

A mbadive drop in car sales has disrupted the sector, generating profit warnings and compounding the challenges for Renault and Nissan, who are struggling to turn the last page of the former president of their alliance, which is currently waiting to be tried in Japan for alleged financial irregularities.

Renault's profit was affected by the € 826 million decline in its partner's profits, in which Renault holds 43.4% of the capital, and the cancellation of 12,500 jobs worldwide by Nissan after the fall benefits.