In the wake of the abrupt resignation of its former CEO, Renault has recalibrated its profit projections for the year and appointed CFO Duncan Minto as the interim CEO. The company now anticipates an operating profit margin of 6.5% for the fiscal year, marking a reduction from the previously estimated margin of at least 7%. Furthermore, amid heightened competition and a sluggish automotive market, Renault has adjusted its free cash flow projections, revising them from a minimum of €2 billion to a range of €1 billion to €1.5 billion.
