Renault Extends Drop as Analysts Highlight Overhaul Plan’s Risks
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A Renault SA Alpine Alpenglow hydrogen-powered concept sports car at the 2022 Paris Motor Show.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Renault SA fell for the second straight day on Wednesday, as several analysts said the French carmaker’s radical overhaul plans were overly complex and could pose governance risks.
The stock was down 4% as of 3:30 p.m. in Paris, extending the previous day’s 3.3% slump. Having touched a one-month intraday low, Renault was the No. 2 decliner in France’s CAC 40 Index.