For Renault, the onset of the coronavirus epidemic snuffed out its bid to become a mainstream brand in China
SHANGHAI—Renault SA, which was already struggling in China before the coronavirus epidemic hit, will stop making gas-powered cars for domestic sale and wind up its main joint venture with state-run auto maker Dongfeng Motor Corp.
Dongfeng blamed the joint venture’s lack of success on the downturn in China’s auto market and said a proposed transfer of Renault’s 50% share in the JV to Dongfeng still awaits formal approval.
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