Renault pulls out of loss-making venture with Dongfeng Motor

Renault pulls out of loss-making venture with Dongfeng Motor

A woman stands next to Dongfeng motor group's SUV vehicle SX6 during the Auto China 2016 show in Beijing, China April 26, 2016. Photo: Reuters

Renault SA said on Tuesday it is pulling out of a loss-making business with Dongfeng Motor Group due to poor sales, becoming only the second global automaker to exit a major venture in China in recent years.