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Coronavirus hits Renault hard: billions in losses for the company
Many companies are struggling because of the coronavirus, but it seems that Renault has been hit very hard. The car company has already lost billions of euros in 2020 due to the pandemic. Earlier this year, reports were already coming out that Renault is struggling financially. There were even doubts whether the Renault team could participate in the Formula 1 season this year or whether the plug had to be pulled prematurely. The problems for Renault only seem to get worse. Since the beginning of the year, the car company has made a loss of no less than 7.29 billion euros. "We have reached a low point", says vice-director Clotilde Delbos during a digital press conference, reports...
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3y ago from GPBlog.com
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