Overview

• Duncan Minto, appointed interim CEO on July 15, will oversee day-to-day operations as the board conducts a search for Luca de Meo’s successor
• The automaker lowered its full-year 2025 operating margin target to 6.5% from above 7% and trimmed free cash-flow guidance to €1–1.5 billion, down from over €2 billion
• Renault attributed the revised outlook to a softer June performance marked by slightly lower volumes, weak light commercial-vehicle sales in Europe and billing timing differences
• Shares tumbled about 16.6% in mid-July, the steepest one-day drop since early 2020, extending Renault’s share-price decline amid heightened market pressure
• Renault plans to accelerate cost-cutting measures, with half-year results due on July 31 as it navigates regulatory expenses and a crowded electric-vehicle market