Renault had 10.3 billion euros of liquidity reserves at end March, 5.5 billion euros less than at the end of 2019.
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Hyundai shares rose 0.4% after the results, underperforming an 1.1% climb for the wider market.
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Based upon assumption of more localization of automotive component manufacturing post Corona, ACMA feels this will be the right time for the industry to get its act together.
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Environmental groups have also questioned the independence and accuracy of the industry studies.
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Ferrari's plants remain shut along with other businesses in Italy deemed non-essential.
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PSA expects the auto sector to fall by 25% in Europe and Latin America this year, by 20% in Russia, and by 10% in China.
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Rudratej Singh joined BMW in August 2019 after a three-year stint at Royal Enfield. He died of a cardiac arrest at his home
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Volvo said in a statement it will acquire 50% in the joint venture for the sum of approximately 600 million euros ($650.34 million) on a cash and debt free basis.
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