Already weakened before the pandemic, Renault is now playing for its survival

Renault is it so badly that it must be perfused with a loan guaranteed by the state of 5 billion euros and undergo a slimming cure of 2 billion euros of savings by 2022 ? After two months of industrial and commercial blackout, the diagnosis, already unfavorable before the Covid-19 crisis, has become more reserved. In the first quarter of 2020, Renault burned 5 billion euros in cash.

Read also: Renault, the first social shock of the health crisis

Already, during the presentation of the results for the year 2019, mid-February, the health check of the Losange did not appear brilliant: a net loss of 141 million euros, after ten years in the green. Group sales fell 3.4% last year to 3.75 million vehicles. As for turnover, it fell by 3.3% to 55.53 billion euros. The operating margin fell from 6.3% to 4.8%, losing 950 million euros. And to make matters worse, the Nissan ally (in which Renault is the largest shareholder with 43%), which had given it a dividend of 1.5 billion in 2018

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