Renault warns 2019 sales drop will be steeper than expected
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PARIS (Reuters) - Renault on Thursday further cut its sales guidance for 2019, after warning in July that revenue may decline this year, and the French carmaker also lowered its forecast for profitability, citing an unfavourable economic environment. The company said it was re-assessing its mid-term goals that were part of a 2017-2022 strategic plan too. In a surprise earlier-than-expected third-quarter update, Renault said sales in the period had fallen 1.6% to 11.3 billion euros (9.81 billion..