Renault Reports H1 Sales Rise Despite €11.2BN Loss and Job Cuts
Renault Group has announced a 1.3% increase in global sales for the first half of 2025, selling 1,169,773 vehicles. Despite this, the company faces significant challenges, including an €11.2bn net loss and plans for job cuts.
Renault's financial struggles are evident in its net income, which dropped to €461m in the first half of the year. The company recorded an €11.2bn net loss, largely due to a €9.3bn write-down linked to its association with Nissan. Renault is now focusing on electric vehicles and industrial synergies within Europe, alongside its alliance partners Nissan and Mitsubishi Motors.
The company is proposing Francois Provost to lead the group, with a decision expected around September 2025. Renault is also planning job cuts, aiming to reduce its workforce in non-production areas by 15%. This could impact around 14,800 employees, based on the 2024 global staff count of 98,636. The cuts are expected to affect personnel at Renault's main office in Boulogne-Billancourt and various other global sites. Renault plans to propose voluntary redundancies for around 3,000 employees in support functions as part of its 'Arrow' cost-saving initiative. A definitive resolution on the job reduction plan is anticipated by the end of 2025.
Renault Group's sales have increased, but the company faces substantial financial losses and plans significant job cuts. The proposed leadership change and focus on electric vehicles aim to steer the company towards a more sustainable future.
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