Renault SA hinted at a potential reduction in its dividend, after the French carmaker followed up on last week’s profit warning with a cut to the global auto market outlook.
The manufacturer now expects global demand to shrink by 4% this year, compared with a previous forecast for a decline of 3%, Renault said Friday. The company shocked investors last week with a cut to revenue and profitability expectations, as well as saying cash flow might not be positive for the year.
