Carmaker Renault posts record $9.7 billion loss for 2020

Carmaker Renault posts record $9.7 billion loss for 2020
  • Clock-gray 11:57
  • calendar-gray 19 February 2021

Renault reported a record 8 billion euro ($9.68 billion) loss for 2020 as the COVID-19 pandemic hit sales and production at the French carmaker and its Japanese partner Nissan, APA reports citing Reuters.

Renault was already reeling from a 141 million euro loss in 2019 before the pandemic hit.

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