Renault is the latest automaker to postpone its AGM due to the coronavirus outbreak.

The automaker said in a statement: "In the current uncertain context due to the coronavirus pandemic worldwide, Renault's board of directors has decided to postpone the annual general meeting of shareholders scheduled for 24 April, 2020 to a future date in May or June.

"The [board] is keen to encourage significant participation by its individual shareholders in the general meeting. With this in mind, the general meeting of holders of participating shares is also postponed.

"The new dates for the general meetings will be announced as soon as possible."

Daimler recently postponed its annual shareholders meeting scheduled for 1 April and hoped to reschedule the meeting at the beginning of July.

In contrast, heavy truck and construction equipment maker Volvo AB scaled back its annual general meeting after Sweden's public health agency upgraded the risk of spread of the new coronavirus in the country and banned public gatherings of more than 500 people.

Volvo said its AGM would start as planned at 3.00pm on 8 April but registration would not begin until 2.15 pm. No food would be served, the customary product exhibition was cancelled and, to minimise the duration of the meeting, all speeches would be kept at a minimum or cancelled.