PARIS — Renault lowered its outlook for full-year revenue after first-half profit was hit by weakening vehicle demand in Europe and an earnings collapse at alliance partner Nissan.
Net income slumped by more than half to 970 million euros ($1.1 billion) in January-June as revenue fell 6.4 percent to 28.05 billion ($31.3 billion), Renault said in a statement on Friday.
Operating profit dropped 14 percent to 1.65 billion euros ($1.8 billion).
