French carmaker, Renault, has announced a 34.9% decline in their worldwide vehicle sales for the first half of 2020, attributed to the negative impacts of the global COVID-19 pandemic, with a majority of countries imposing strict lockdowns.
At the end of May, the company announced 15,000 job cuts after the number of vehicles sold dropped by 25% in the first three months of the year and plunged even more dramatically in April.
Despite the overall decline, sales of its ZOE electric model were up by nearly 50%.
Renault is a French multinational automobile manufacturer with its headquarters in Boulogne-Billancourt, near Paris. The company produces a range of cars and vans and has also manufactured trucks, tractors, tanks, buses/coaches, aircraft and aircraft engines, and autorail vehicles.
In 2016, the automaker was the ninth-largest automaker in the world by production volume. By 2017, the Renault–Nissan–Mitsubishi Alliance had become the world’s biggest seller of light vehicles, bumping Volkswagen AG off the top spot.
The company employs more than 179,000 people in 39 countries.
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