Renault share price has collapsed this week as speculation surrounding the future of its F1 involvement continues to swirl.

Investing.com -- UBS sees limited near-term upside for Renault (EPA: RENA) shares following the automaker’s first profit warning in years, which sent the stock down 18%.

PARIS (Reuters) -Renault named Duncan Minto as interim CEO on Tuesday to lead the French automaker while it searches for a permanent replacement for Luca de Meo, who departs this week. De Meo resigned suddenly last month after five years at the helm of Renault and will join luxury group Kering in September.

The Scotsman announced he was lowering the group's profit margin and cash flow forecasts, despite a strong order book in Europe.

The original Renault 4 of the ‘60s and ‘70s was conceived as a rival to the Citroen 2CV. This time round Renault has beaten its French rival to the punch with its revival of its small, family-friendly icon.

Rauh Racing has big plans for its Clio-swapped Twingo, which is set to be a fan favorite in next year's 24-hour race at the 'Ring.

As the French automaker Renault lowers its annual forecasts amid difficult car sector trends, it announced its British chief financial officer Duncan Minto would serve as an interim CEO after Luca de Meo left in June.

J&J boosted its annual outlook, after posting better-than-expected quarterly profit and sales. Shares rose over 1% in premarket trading. 🔎 [Bank of America (BAC)]