Carmaker Renault posts record $9.7 billion loss for 2020
Global Economy
19 February, 2021, 01:20 pm
Last modified: 19 February, 2021, 01:19 pm
Renault was already reeling from a 141 million euro loss in 2019 before the pandemic hit
A Renault Clio E-Tech Hybrid car is seen at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir/File Photo
Renault reported a record 8 billion euro ($9.68 billion) loss for 2020 as the Covid-19 pandemic hit sales and production at the French carmaker and its Japanese partner Nissan.
Renault was already reeling from a 141 million euro loss in 2019 before the pandemic hit.
Analysts polled by Refinitiv had expected a 7.4 billion euro loss for 2020.
($1 = 0.8269 euros)
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