(Reuters) -Shares in Renault were down 16% at 0719 GMT after the French carmaker lowered its 2025 guidance and named finance chief Minto as an interim CEO.

It aims to achieve a full-year operating margin of 6.5%, compared with a target of at least 7% previously. It also aims for free cash flow of 1 billion to 1.5 billion euros ($1.16 billion to $1.74 billion), versus more than 2 billion previously.

($1 = 0.8602 euros)