Laurence Frost

Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce - document

09 Aug 2019

BEIJING/PARIS Peugeot maker PSA Group and partner Dongfeng Group have agreed to cut thousands of jobs in China and drop two of their four shared assembly plants, according to a document seen by Reuters, in a last-ditch bid to curb mounting losses as the world's largest auto market loses steam.

Air France-KLM cost-cutting lifts profit, shares

31 Jul 2019

PARIS Air France-KLM said operating profit rose 16% in the second quarter as new Chief Executive Ben Smith's cost-cutting helped offset rising fuel prices, sending its shares up 7%.

Air France-KLM profit gain hampered by fuel costs

31 Jul 2019

PARIS, July 31 Air France-KLM increased its operating profit in the second quarter, as rising fuel prices were countered by cost-cutting under the Franco-Dutch airline group's new Chief Executive Ben Smith.

Air France-KLM buys smallest Airbus, retires largest

31 Jul 2019

PARIS Air France-KLM provisionally agreed to order 60 of Airbus's new A220 jets on Tuesday while announcing the retirement of the planemaker's A380 superjumbo from its fleet, in a bid to improve the airline's fuel efficiency and costs.

Renault cuts revenue goal as car industry misery spreads

26 Jul 2019

PARIS Renault warned revenue may decline this year, scrapping a previous goal, after first-half profit was hit by weakening car demand and an earnings collapse at alliance partner Nissan in the wake of the Carlos Ghosn scandal. | Video

PSA-Opel savings drive new profit record, defying slump

24 Jul 2019

PARIS French carmaker PSA Group delivered a sharp increase in first-half profit, defying a global industry downturn as new models and cost savings from the integration of Opel-Vauxhall more than made up for weaker emerging market sales. | Video

France's Faurecia holds course in 'tougher than expected' auto market

23 Jul 2019

PARIS French auto parts maker Faurecia said it maintained first-half profitability despite a China-led decline in auto production, sending its shares sharply higher on Tuesday.

UPDATE 1-France's Faurecia holds course in 'tougher than expected' auto market

23 Jul 2019

* Stronger net cash flow figures (Adds analyst comment and further details)

Renault, Nissan join Waymo in exploring driverless services in France, Japan

20 Jun 2019

DETROIT/PARIS French automaker Renault SA, its Japanese partner Nissan Motor Co and tech giant Alphabet Inc's Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, the companies said on Thursday.

Electric planes start small as industry wrestles with emissions

20 Jun 2019

LE BOURGET An all-electric commuter plane and a small Airbus-backed hybrid are among aircraft programmes being touted at the Paris Airshow, as the industry tries to convince a sceptical public it can deliver on a pledge to halve carbon emissions by 2050.

World News

Hong Kong airport faces more protest turbulence

Hong Kong braced for multiple anti-government demonstrations on Friday and a "stress test" of the airport this weekend, as weeks of protest in the Chinese-ruled city showed no signs of let-up amid rising tension between China and some Western nations.