Renault SA engages in the manufacture of vehicle. It offers passenger cars, commercial vehicles, electric vehicles, and sport vehicles. It operates through the following brands: Renault, Dacia, Renault Samsung Motors, Alpine, and LADA. The company was founded by Louis Renault in 1898 and is headquartered in Boulogne-Billancourt, France.
Renault SA EPA:RNO
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About Renault SA
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In an announcement on Friday, Renault (EPA: RNO) called its global ambitions “unrealistic” as it expressed plans of slashing its workforce by 15,000 employees. The company also said that it will commit to restructuring its factories in France and shrink production to support its financial stature. The move, as per the French automaker, will save £1.8 billion in the next 3 years. Renault is currently struggling with falling global demand that has...
In a statement on Sunday, French Environment Minister Elisabeth Borne announced that for Air France (EPA: AF) to be eligible for state-backed loans, it will have to commit to drastically slash its domestic air traffic. The French government has been actively focusing on offering financial support to several domestic industries and businesses in a bid to kickstart the economy after the Coronavirus pandemic that has so far affected more than 182,00...
The Coronavirus pandemic has brought the global auto industry to a near halt. Amidst the crisis, finance minister of France, Bruno Le Maire, warned on Friday that Renault (EPA: RNO) might not be able to survive if it doesn’t receive sufficient financial support. The French minister also highlighted that a potential £4.47 billion loan is in the pipeline for the French multinational automobile manufacturer. Renault operates in 16 countries Accordin...
Renault and Nissan’s chief engineers are set to meet in Japan this week, as the two companies seek to revive the partnership and put the Carlos Ghosn era behind. The Renault-Nissan alliance has had its issues since the ouster and arrest of Ghosn, the person who created this partnership. Ghosn thinks that the alliance might fall apart, and in order to prevent that from happening, analysts believe that automakers need to work on mutual projec...
Shares of Renault recovered from recent losses on Tuesday, after the French automaker and its Japanese ally, Nissan Motor, denied media reports stating that the two companies face the risk of splitting up. “Nissan is in no way considering dissolving the Alliance,” Nissan Motor said in a statement today, speaking of the partnership between their company, Renault and Mitsubishi Motors. Rumors about the possible dissolvement of the 20-ye...
La Vanguardia, the Spanish newspaper, announced on Saturday that the French multinational automobile manufacturer, Renault, has offered to hire Luca De Meo as the new Chief Executive officer. De Meo has previously served as the chairman of Spanish carmaker, SEAT. SEAT is a subsidiary of the German automaker, Volkswagen. Renault’s New CEO Will Take Over Nissan And Mitsubishi As Well In The Upcoming YearsThe report further highlighted that th...
According to Kyodo News, Mitsubishi Motors Corp., Renault SA, and Nissan Motor Co. have announced earlier on Sunday that the auto giants have decided to join hands to launch an all-new company that will take on the role of research and development in the automotive industry. As per the announcement, the three auto manufacturers are calling it the next step towards advanced automotive technologies. Further details of the company are yet to be reve...
Nissan shares closed lower in Asia overnight, amid news the Japanese car maker has uncovered evidence of financial misconduct by its Chairman, Carlos Ghosn.
Google shares are higher in out-of-hours activity Tuesday, amid news the auto alliance between Nissan, Renault and Mitsubishi will begin using Android infotainment systems across all of its vehicles from 2021.
Renault shares are higher Wednesday after the French car maker announced an electric car sharing plan for Paris that's set to launch in September.
Company enters China through 50-50 partnership with Dongfeng
Peugeot and Renault to benefit from Iran agreement
Renault share price drops on alliance partner’s profit warning