STORY: Renault reported a first-half net loss of $12.8 billion on Thursday (July 31).
This included a one-off hit of $10.6 billion from writing down its investment in partner Nissan.
A bright spot was revenues at the French automaker were up from a year earlier, coming in at over $31.5 billion.
This was helped by several new product launches.
However, Renault lowered its annual forecast earlier this month.
That's after market conditions deteriorated, particularly in the commercial vehicle market.
With the group's sales volume growth slowing in the first half, it now expects an operating margin of 6.5% - lower than initially targeted for 2025.
It also expects free cash flow of up to $1.7 billion - lower than initially anticipated.
New CEO Francois Provost said that in a challenging market, these first-half results were "not aligned with our initial ambitions".
Shares in the multinational carmaker were down around 1.5% in early trade.
