Renault-Nissan Without Ghosn Were Worst Car Stocks of 2019
- Both carmakers have struggled since the downfall of their boss
- Nissan profits tumbled to decade low as Renault cut guidance
Carlos Ghosn
Photographer: Marlene Awaad/BloombergThis article is for subscribers only.
Carlos Ghosn’s jaw-dropping getaway added insult to an injurious year for the automakers he used to run: Renault SA and Nissan Motor Co.
The two were the worst-performing carmakers on the Bloomberg World Auto Manufacturers Index in 2019, falling 23% and 28%, respectively. Ferrari NV, Kia Motors Corp. and Tesla Inc. logged some of the biggest gains.