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The logo of carmaker Renault is pictured at a dealership in France. Credit: Reuters Photo
French automaker Renault said Friday it booked a record loss in 2020 as the coronavirus pandemic hit its performance and looked set to weigh on the outlook this year as well.
Renault said in a statement that it recorded a net loss of 8.05 billion euros ($9.7 billion) last year, compared with a bottom-line profit of 19 million euros in 2019.
"After a first half impacted by Covid-19, the group has significantly turned around its performance in the second half," the carmaker said.
"2021 is set to be difficult given the unknowns regarding the health crisis as well as electronic components supply shortages."
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