Renault Expects $2.44 Billion Hit From Nissan's Turnaround
The group—which holds 35.71% of Nissan's share capital—said the hit included the impairments and restructuring costs necessary for the Japanese automaker's turnaround.
Renault: Positive On Nissan Deal And Limited Tariff Exposure
I remain a bull on Renault SA; its risk-reward is attractive, with solid upside potential and modest downside risks. Renault's recent agreement with Nissan suggests that there are opportunities for a cash windfall from stake reduction and further expansion in the Indian market. Renault's downside is mitigated by its diverse geographical mix and strong revenue visibility.
Renault Revenue Drops; Backs Full-Year Guidance
Renault posted a drop in revenue for both its car division and the overall group despite an uptick in sales, and backed its full-year guidance.
Renault posts slight rise in first-quarter revenue
French carmaker Renault reported a 0.6% rise in first-quarter revenue on Thursday, slightly ahead of expectations, as it benefited from a flurry of recent new launches.
Renault, Nissan further loosen long-standing alliance
Automakers Renault and Nissan said on Monday they had agreed to further amend their long-standing partnership to allow for a reduction in their cross-shareholdings to 10%, down from 15% previously.
Renault to buy Nissan's stake in India manufacturing unit, taking full ownership
Renault Group said on Monday it would acquire the remaining 51% shareholding in Renault Nissan Automotive India Private Ltd, currently held by Nissan Motor Corp , taking complete ownership of the manufacturing plant.
Renault cuts 300 jobs at van factory as European market slows
Renault Group will cut 300 jobs at a van factory in northern France, the carmaker said on Tuesday, responding to slowing European demand for commercial vehicles in the face of growing economic uncertainty.
Renault says confident Espinosa keen to continue Renault/Nissan relationship
French carmaker Renault said on Tuesday it was taking note of Nissan's announcement that Ivan Espinosa, its chief planning officer, would take the helm from April 1, succeeding Makoto Uchida as leader of the troubled Japanese carmaker.
Renault's Russia buyback to cost at least $1.3 billion, says Russia's Avtovaz
Should French carmaker Renault wish to buy back its majority stake in Russia's top carmaker Avtovaz, it would have to pay at least 112.5 billion roubles ($1.3 billion) to cover investments made since selling for only one rouble in 2022, Avtovaz said.
Watch CNBC's full interview with Renault CEO Luca de Meo
Renault CEO Luca de Meo speaks on the carmaker's full-year results, the potential impact of U.S. tariffs and the European automotive industry.
Renault CEO: Operational performance is independent from Nissan
Renault CEO Luca de Meo says that the firm will continue to deleverage its exposure to Nissan and that his first target was to ensure Renault "could walk" on its own legs independently from Nissan.
Renault posts higher operating profit for 2024 on new launches
French automaker Renault reported a 3.6% increase in operating profit for 2024 on Thursday, beating expectations, as lower costs and a string of new launches boosted margins.
