Renault Handed ‘Wake-Up Call’ With Record 7 Billion Euro Loss

Renault Handed ‘Wake-Up Call’ With Record 7 Billion Euro Loss
A Renault car is seen in a show room at a Renault carmaker dealer, amid the coronavirus disease (COVID-19) outbreak in Sint-Pieters-Leeuw, Belgium, on May 29, 2020. (Yves Herman/Reuters)
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PARIS—French carmaker Renault said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan.

Global automakers have been hit hard by the coronavirus pandemic, which has shuttered factories and kept many customers away from car dealerships.