PARIS -- Renault said it would suspend operations at its plant in Moscow while it assesses options on its majority stake in AvtoVAZ, the country's No. 1 automaker.
In response to the pullback from its second-biggest market, Renault revised downward its financial outlook for this year both for profit margin and free-cash flow.
The company has lowered its operating group margin to about 3 percent, down from its previous forecast of 4 percent or above, Renault said in a statement on Wednesday.
It has adjusted its automotive cash flow outlook to "positive" from a previous estimate of 1 billion euros ($1.10 billion) or above.