Renault: Free cash flow deficit in the automotive sector in 2019: suggests tighter funds / dividend
Stock analyst: Angus Tweedy
Renault: “Investors do not yet understand the magnitude of the problems they face”
Ghosn: Shareholders lose $ 2.8 trillion in market capitalization after arrest
Renault: investment decision “sell”
Despite “the stock has been trading at the lowest level since 2012“,
Investors do not yet understand “the magnitude of the difficulties facing Renault”
Pointed out in a report on the 23rd.
Reduced Renault’s investment decision to “sell.”
Renault: worsening financial situation
As of October last year, Renault said, “There is no guarantee that the free cash flow for the automotive sector in 2019 will be positive.”
Citigroup analysts say that Renault, a French automaker, is under tight pressure and may have to sell some of its Nissan shares.
Nissan and Renault shareholders: huge losses
Renault has a 43% stake in Nissan and Nissan has a 15% stake in Renault.
Former Chairman Nissan / Carlos Ghosn was arrested in November 2018 for violating the Financial Instruments and Exchange Act.
Nissan and Renault shareholders have lost a total of $ 25.9 billion in market capitalization.
City-Bloomberg
https://www.bloomberg.co.jp/news/articles/2020-01-23/Q4KVMADWX2PV01?srnd=cojp-v2