Renault capital hit from partial Nissan stake sale lower than initial estimate
PARIS (Reuters) – The capital loss resulting from Renault’s disposal of a first chunk of its stake in Nissan will amount to around 1 billion euros ($1.08 billion) after the transaction was…
Renault hopes to escape from its ‘negative core value’ curse
By Gilles Guillaume PARIS (Reuters) – Renault hopes it can lift the curse of its negative value next year thanks to the creation of two specialised businesses, Ampere and Horse, and its…
Renault seeks to charge up investors for EV unit IPO
By Gilles Guillaume PARIS (Reuters) – Renault will try on Wednesday to fire up doubtful investors ahead of a planned market listing of its electric vehicle (EV) unit Ampere, a key plank…
Renault to launch new Slovenia-made electric city car – sources
By Gilles Guillaume PARIS (Reuters) – Renault will reveal the launch of an additional “affordable” city electric car during this week’s capital markets day for its new EV unit Ampere, three sources…
Renault had ‘friendly’ discussions with Chinese investment bank – spokesperson
PARIS (Reuters) – French carmaker Renault had “friendly” discussions with Chinese investment bank CICC about potential cooperation, but nothing has been signed or decided so far, a company spokesperson said, confirming media…
Renault to invest $3.2 billion in eight new models in global re-launch
By Gilles Guillaume PARIS (Reuters) – Renault said on Wednesday it will invest 3 billion euros ($3.2 billion) by 2027 to launch eight new vehicles and boost electric vehicle (EV) sales outside…
Renault to maintain mixed ethanol combustion engines in Brazil
SAO PAULO (Reuters) – Renault will maintain production of ethanol-fueled combustion vehicles in Brazil, where nine in 10 cars are equipped to run on a mixture of gasoline and the biofuel as…
Renault CEO: China very competitive on electric vehicles, Europe needs to catch up
PARIS (Reuters) – Renault’s chief executive Luca de Meo said on Monday that China was ‘very competitive’ in terms of the electric vehicle market, as Renault also prepared to unveil its new…
Renault cannot afford discount race with Tesla, Chinese peers, executive says
MUNICH (Reuters) – Renault cannot afford to enter a discount race with Tesla or Chinese rivals, the French carmaker’s head of engineering told journalists at the IAA Munich car show. “The good…
Renault looking at spring 2024 IPO for Ampere, CEO says
PARIS (Reuters) – French car maker Renault is looking to list its Ampere electric vehicle business on the stock market in the spring of 2024, CEO Luca de Meo said on Monday.…
French car maker Renault first-half sales jump 13%
(Reuters) -French car maker Renault on Wednesday said its worldwide sales rose 13% in the first six months of the year, with a 24% increase in Europe. Renault, which raised in June…
Ghosn says Nissan, Renault are going for mini alliance with rebalancing deal
TOKYO (Reuters) – Former Nissan Motor chairman Carlos Ghosn said on Tuesday the Japanese automaker and Renault are trying to go for “very small and reduced” cooperation between them with a deal…
Renault brand sales up 11% in first half
PARIS (Reuters) – French automaker Renault said on Tuesday worldwide sales of its flagship brand rose 11% in the first half of the year to 770,807 units, extending a rebound after four…
‘Chinese storm’ looming over Europe’s EV sector, Renault chairman warns
By Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) – A “Chinese storm” is looming over Europe’s growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia’s superpower dominates key…
Renault names Luca de Meo as new head of Ampere electric vehicle unit
PARIS (Reuters) – French carmaker Renault appointed on Monday its group chief executive Luca de Meo as the future chairman and CEO of Ampere, the electric vehicle division which Renault is aiming…
Renault CEO says Euro 7 regulation distracting industry from electrification
MILAN (Reuters) – Renault’s chief executive said on Friday the European Union’s proposed Euro 7 emissions rules for vehicles would distract the auto industry from its path to electrification and thanked the…
Renault chooses banks for planned listing of electric car unit Ampere – source
PARIS (Reuters) – French carmaker Renault has picked BNP Paribas, Goldman Sachs and JPMorgan among the investment banks slated to work on the planned listing of its electric car business, Ampere, a…
Renault CEO: Ampere unit start timing is “ideally” by end of 2023
PARIS (Reuters) – Renault’s preparation efforts for carving-out its combustion engine unit are going “smoothly” and should be completed by the summer, Chief Executive Luca de Meo said on Thursday. Asked on…
From boom to bottom and now big change: Renault and Nissan reshape alliance
PARIS/TOKYO (Reuters) – French carmaker Renault and its Japanese partner Nissan announced a deal on Monday to redesign their decades-long alliance aimed at easing tensions between the partners and putting them on…
Factbox: Renault, Nissan detail joint projects to revive alliance
LONDON (Reuters) – Nissan and Renault on Monday unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15% in Renault’s electric vehicles…
Nissan board also approved planned restructuring deal with Renault – source
PARIS (Reuters) – The board of Nissan has also voted in favour of reshaping its alliance with French carmaker Renault, a source said on Monday. The agreement, which will retool the two-decade-old…
Renault board backs plans to reshape alliance with Nissan – source
LONDON (Reuters) – Renault’s board voted in favour on Sunday to reshape the French carmaker’s alliance with its Japanese partner Nissan, a source said. The agreement, which will retool the two-decade-old alliance,…
Nissan, Renault agree to overhaul alliance, putting themselves on equal footing
(Reuters) – Nissan Motor Co and Renault SA have agreed to a sweeping revamp of their two-decade-old automaking alliance that will put them on an equal footing and see the Japanese company…
Renault to renew Chairman’s term of office
(Reuters) – French car maker Renault will propose at its general shareholders’ meeting next year to renew the term of its Chairman Jean-Dominique Senard, it said on Thursday. “In addition, the Board…
No Renault deal by year-end as some at Nissan urge caution -sources
By Maki Shiraki, Gilles Guillaume and David Dolan TOKYO/PARIS (Reuters) – Nissan Motor Co Ltd doesn’t expect to reach an agreement with top shareholder Renault by year-end on retooling their alliance as…
Renault says deputy CEO Delbos resigns
PARIS (Reuters) -The head of French carmaker Renault’s new mobility unit Mobilize and deputy CEO of the group Clotilde Delbos has resigned, the company said on Wednesday. Renault said Delbos would leave…
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