Renault Shares Plunge 17% on Profit Warning and Interim CEO Appointment
Renault shares saw their worst one-day drop in years, falling 17% after the company issued a surprise profit warning and temporarily replaced its CEO. The announcement sent shockwaves through the European stock market, with many investors scrambling to reassess the automaker’s future. The stock market doesn’t like surprises, and this was a big one.
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