UPDATE 2-Renault drops 8% on profit warning, eyes on Ghosn

Newswire

(Adds Dacia recall, PSA, adds analyst comment) By Marcel Michelson and Michael Shields PARIS/FRANKFURT, Nov 17 (Reuters) - Renault SA shares tumbled nearly 8 percent on Thursday after the French carmaker chopped a percentage point from its 2005 operating margin forecast and warned of faltering core European markets. The worst-performing car manufacturing stock in Europe this year plunged to its lowest level in 9 months and its cheapest since Chief Executive Carlos Ghosn was installed ...

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