Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

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Thread: Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

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    Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

    I know it's from ZeroHedge, take it with a pinch of salt. https://www.zerohedge.com/energy/ren...-auto-industry

    It has become a fool's errand to deny that the global automobile industry is in recession (even if there is still some debate as to the causes). We have documented, at length, falling sales around the globe - led by the world's largest market in China - over the last two years, and recessionary trends in places like North America and Europe show no signs of letting up.

    And today, Renault and Volvo were the two most recent examples of just how dire the situation has become... and will be.

    Renault shares plunged as much as 12% in Paris overnight after the company slashed its full year revenue and profit forecast, while pre-announcing Q3 revenue: "Due to an economic environment less favorable than expected and in a regulatory context requiring ever-increasing costs, Groupe Renault revises its guidance for FY2019," the company's release said.
    However, it might be a blessing in disguise for FCA to not dance with Renault yet.

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    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
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    Re: Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

    GM was wise to close its operations in Europe, and India...

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    Re: Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

    Just let Gnosn out of the Japanese Prosecutors' Paradise Trap they slapped him into. He'll straight all this out!
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    Re: Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

    Quote Originally Posted by Neanderthal View Post
    Just let Gnosn out of the Japanese Prosecutors' Paradise Trap they slapped him into. He'll straight all this out!
    You bet,
    he might have his faults but he knows how to lead and get paid for it.

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