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Renault Deputy CEO Says Nothing To Be Alarmed About On Liquidity, On The Contrary
Renault Says Visibility For Next Year Reduced After New Sanitary Measures
Renault Q3 Revenue Down At EUR 10.37 Billion
Renault SA is a France-based company that designs, manufactures and sells passenger cars and light commercial vehicles and related services. Its brand portfolio consists of Renault, Dacia (both operating globally), Alpine (active in Europe, Japan and Australia), Renault Samsung Motors (operates only in South Korea) and Lada (operates only in Russia). The Group operating segments are three: Automotive excluding AVTOVAZ, Sales Financing and AVTOVAZ. Automotive excluding AVTOVAZ consists of the Group’s automotive activities comprising the production, sales, and distribution of passenger and light commercial vehicles, automobile service for the Renault, Dacia and Samsung brands and investments in Nissan, among others. Sales Financing, carried out by RCI Banque, covers the financing operations for sales of vehicles to dealers and end-users. AVTOVAZ, consists of the Russian automotive group AVTOVAZ and its parent company, the joint venture lliance Rostec Auto b.v.
Auto & Truck Manufacturers
13-15 quai Le Gallo
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Renault's cost-cutting plan is on track and it should have positive cash flow from cars by the end of 2020, the French carmaker said on Friday, as sales recovered from a slump during the first wave of coronavirus lockdowns.
Renault <RENA.PA> will stop making vans for rival Fiat Chrysler (FCA) <FCHA.MI>, its deputy chief executive Clotilde Delbos said on Friday, as the Italian carmaker finalises a merger agreement with Peugeot-maker PSA Group <PEUP.PA>.
Carmakers Renault and Fiat Chrysler are terminating their production collaboration on vans ahead of the latter's merger with rival PSA Group, Renault's deputy chief executive Clotilde Delbos said on Friday.
French carmaker Renault will unveil an eight-year plan next year as the group contends with a demand slump exacerbated by the coronavirus crisis, Chief Executive Luca de Meo said in a newspaper interview published on Sunday.
Alfa Romeo's Jarno Opmeer secured his second win in three virtual races to lead the 2020 F1 esports pro series on Thursday.
French carmaker Renault unveiled on Thursday a new electric car concept with a larger, sportier design, as it bets on medium-size family vehicles to try to turn itself around.
Daniel Ricciardo celebrated his first Renault Formula One podium on Sunday with a private champagne 'shoey' while pondering what kind of tattoo to inflict on team boss Cyril Abiteboul.
Carlos Ghosn, the former Nissan and Renault head who fled Japan where he was facing trial, is launching a university business programme in Lebanon, a nation mired in a deep economic crisis blamed on years of misrule, mismanagement and corruption.
The four main unions representing employees at Renault <RENA.PA> oppose its cost-cutting plans, union sources said, adding to the French carmaker's restructuring headaches.
Carlos Ghosn, the former Nissan and Renault head who fled Japan where he was facing trial, is launching a university management and business programme in Lebanon, a nation mired in a deep crisis blamed on years of misrule, mismanagement and corruption.
At least three of the four main unions representing employees at France's Renault plan to signal their disagreement with its cost-cutting plans, several union sources said, adding to the carmaker's turnaround headaches.
Twice world champion Fernando Alonso said on Thursday he hoped to attend some races this year to help Renault with "anything they may need" before his Formula One comeback in 2021.
Renault's new Chief Executive Luca de Meo is keen to develop a sportier "crossover" model of the carmaker's popular Megane range, three sources familiar with the plans said, as the loss-making firm aims to roll out more profitable vehicles.
Renault's new sports division Alpine will enter the 2021 World Endurance Championship, a series whose jewel in the crown is the Le Mans 24 Hours, the brand's general manager said on Monday.
Australian Oscar Piastri won the FIA Formula Three championship after the season-ending race at Italy's Mugello circuit on Sunday.
Japan's Nissan Motor Co will issue $8 billion in dollar-denominated debt and is considering euro-denominated bonds, it said on Friday, as the troubled automaker looks to diversify its funding.
Renault may have to cut more costs than initially planned to get out of the red zone and its cash-flow projections are alarming, the French carmaker's new chief executive said in an internal memo seen by Reuters.
Racing Point have dropped an appeal against a 400,000 euro ($473,520) fine and 15 point penalty for copying Mercedes' 2019 brake ducts, the Formula One team said on Sunday.
Renault will rename its team Alpine from the 2021 season, the Formula One team said in a statement https://en.media.groupe.renault.com/news/alpine-f1-r-team-enters-formula-1-63c5-989c5.html ahead of the Italian Grand Prix on Sunday.
France's Renault said on Thursday it was moving to a new organisational set-up focused on core brands rather than geographies, in the first move by new Chief Executive Luca de Meo to shake up the loss-making carmaker.
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