Overview

• On July 15, Renault named CFO Duncan Minto interim director general as it continues searching for a permanent successor to Luca de Meo.
• The group cut its 2025 operating margin target to around 6.5% of revenues and trimmed free cash flow guidance to €1–1.5 billion from at least €2 billion.
• Management attributed the downgrade to deteriorating European market dynamics after June sales volumes fell below expectations and utility-vehicle shipments lagged.
• Factories running at about 90% capacity and rising inventories drove first-half free cash flow down to €47 million.
• Shares tumbled over 15% in Paris trading as investors reacted to the downgraded forecasts and the ramped-up cost-reduction plan.