Renault has appointed its Chief Financial Officer, Duncan Minto, as interim Chief Executive Officer following the departure of Luca de Meo, who is leaving to lead the luxury group Kering. The French automaker simultaneously lowered its 2025 financial outlook, cutting its operating margin guidance to around 6.5% from a previous target of at least 7%. Additionally, Renault reduced its free cash flow forecast to between €1 billion and €1.5 billion, down from over €2 billion. The company reported a first-half free cash flow of just €47 million, impacted by a €900 million working capital charge. Following the profit warning and leadership change, Renault's shares plunged between 16% and 18%, marking the steepest drop since March 2020. The market reaction reflects concerns over the company's revised profit expectations and ongoing turnaround efforts under the new interim CEO.