Renault tumbled to a record €8bn loss last year as the French carmaker and its alliance partner Nissan suffered from the pandemic’s destructive effect on European demand.
The net loss was worse than the €7.8bn predicted by analysts but much of the damage came in the first half, with Renault describing 2020 as a “year of contrasts”.
In the second half, operating margin was 3.5 per cent and Renault generated positive automotive operational free cash flow.
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