Renault swings to a 2019 net loss—its first in a decade—and slashes its dividend, as the French auto giant absorbs sharply lower income from alliance partner Nissan
Renault SA swung to a 2019 net loss—its first in a decade—and slashed its dividend, as the French auto giant absorbed sharply lower income from alliance partner Nissan Motor Co. and struggled with falling sales in China.
The results cap a tumultuous year for the car maker. It spent much of 2019 embroiled in conflict with its partner Nissan, after the late-2018 arrest in Japan of Carlos Ghosn. Mr. Ghosn forged the partnership between the two auto makers and led it for years. Renault also spent weeks discussing a possible tie-up...
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Nissan Sues Carlos Ghosn For $90 MillionI’ve been covering the auto industry since 1989, first as CNN Detroit Bureau Chief, then as the National Auto Writer for the Associated Press, General Motors beat writer at the Detroit News and video reporter at Automotive News. I also established Fiat Chrysler’s digital communications team, pioneering the concept of “corporate journalism” where companies tell their own stories using social media, video and webcasts. We used those methods to sell the American public on why then-Chrysler Group LLC was worth bailing out. My first interview as an auto writer was with Ford’s numbers cruncher who was about to retire. He told me to “be prepared, sit down, ask smart questions, then shut up, listen and write the truth.” Good advice. Still using it.
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