Renault braced for more woe after €8bn loss in 2020

Ongoing Covid-19 restrictions and a scarcity of semiconductors threatens this year's results

Renault expects another challenging year as traditional car makers come under increasing pressure.

Renault has braced investors for another challenging year as lingering Covid-19 restrictions and supply-chain challenges threaten the French carmaker coming off a record annual deficit.

The car giant reported a net loss of €8bn for 2020, worse than the €7.85bn deficit projected by analysts. Much of the damage was done during the first half, when lockdowns crippled auto shipments. A scarcity of semiconductors now poses risk to this year’s results.