Renault shares plunged 17% after cutting annual guidance, attributing it to market deterioration and competition. The company lowered operating margin guidance for 2025 from 7% to 6.5%. Analysts suggest potential underlying deterioration. The automaker faces European competition from Chinese rivals. Interim CEO appointed after previous CEO’s departure. Earnings report due July 31, shares down 25% this year.

Read more at Yahoo Finance: Renault shares crash 17% after the automaker’s profit warning