Edition:
India

Gilles Guillaume

Exclusive - Renault CEO: We may need more cuts to escape the red zone

09 Sep 2020

PARIS 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.

UPDATE 1-French car sales continue to bounce back in August - sources

13 Aug 2020

PARIS, Aug 13 French new car sales are set to be higher in August than in the same month last year on the back of a market rebound following the coronavirus pandemic, said two sources close to French automakers.

PSA's car sharing service can now seek new investors, CEO says

06 Aug 2020

PARIS Free2Move, the car rental and car-sharing business developed by French automaker PSA Group , now has the capacity to start to court new outside investors, its chief executive Brigitte Courtehoux said.

PSA's car sharing service can now seek new investors, CEO says

06 Aug 2020

PARIS, Aug 6 Free2Move, the car rental and car-sharing business developed by French automaker PSA Group , now has the capacity to start to court new outside investors, its chief executive Brigitte Courtehoux said.

Bad timing: COVID compounds woes of Renault-Nissan alliance

30 Jul 2020

PARIS/TOKYO Record losses reported this week first by Nissan then its alliance partner Renault confirmed a harsh reality - automakers that already had weaknesses are having them mercilessly exposed by the COVID-19 epidemic.

Renault handed 'wake-up call' with record 7 billion euro loss

30 Jul 2020

PARIS French carmaker Renault said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan.

Bad timing: COVID compounds woes of Renault-Nissan alliance

29 Jul 2020

PARIS/TOKYO, July 29 When the French part of the Renault-Nissan alliance reports its results on Thursday, investors expect confirmation of a harsh reality: automakers that already had weaknesses are having them mercilessly exposed by the COVID-19 epidemic.

Peugeot maker PSA upbeat on strong rebound

28 Jul 2020

PARIS Peugeot maker PSA Group delivered a profit in the first half of the year even as the COVID-19 pandemic hit revenue, and said a strong sales rebound in June in its core European markets had extended into July. | Video

Peugeot CEO confident Fiat Chrysler merger is on track

25 Jun 2020

PARIS PSA Chief Executive Carlos Tavares is confident a $50 billion merger of the maker of Peugeot vehicles with Fiat Chrysler (FCA) will proceed as planned and deliver synergies of at least 3.7 billion euros ($4.2 billion).

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