Renault sales and profits fall on diesel setback
Net income came in at 3.3 billion euros, down sharply from the 5.31 billion recorded in 2017.
Excluding currency effects, revenue would have risen 2.5 percent, Renault said, Automotive News reads.
Nissan’s contribution to Renault earnings came in at 1.51 billion euros, a 46 percent decline from 2017 when Nissan’s profit was inflated by one-off gains.
Renault set a weaker profit goal for 2019, citing exchange-rate challenges and market uncertainties. The company targeted profitability of “around 6 percent,” compared with 6.3 percent in 2018.