- Renault (OTC:RNSDF) is ending its joint venture with Dongfeng Motor Corp. (OTCPK:DNFGF) in China due to soft demand.
- A proposed transfer of Renault's 50% JV share to Dongfeng still awaits formal approval.
- The Chinese auto industry was reeling even before the pandemic. Q1 sales saw a drop of 43% from a year ago.