Renault CEO says sector could face billions in fines as EV sales slow
Europe's autos industry could face fines of 15 billion euros ($17.4 billion) for carbon emissions due to slowing demand for electric vehicles, Renault CEO Luca de Meo said on Saturday.
Aramco still pursuing deals while keeping Renault-Geely engine jv stake at 10%, executive says
State-controlled oil company Saudi Aramco does not plan to increase its 10% stake in fuel-based engines joint venture Horse Powertrain while it continues to pursue more deals to expand its downstream presence, a senior executive told Reuters.
Renault SA (RNSDF) H1 2024 Earnings Call Transcript
Renault SA (OTCPK:RNSDF) H1 2024 Earnings Conference Call July 25, 2024 2:00 AM ET Company Participants Philippine de Schonen – Director-Investor Relations Luca de Meo – Chief Executive Officer Thierry Pieton – Chief Financial Officer François Provost – Chief Procurement, Partnerships & Public Affairs Officer Gilles Le Borgne – Chief Technology Officer Conference Call Participants Thomas Besson – Kepler Cheuvreux Michael Jacks – Bank of America George Galliers – Goldman Sachs Renato Gargiulo – Intesa Stephen Reitman – Bernstein Pushkar Tendolkar – HSBC José Asumendi – JPMorgan Philippine de Schonen Good morning, everyone, and welcome to Renault Group H1 Results. This presentation will be made by Luca de Meo, CEO; Thierry Pieton, CFO; and the management team of Renault Group.
Renault's first-half profit beats estimates, sticks to 2024 outlook
Renault posted a better-than-expected operating profit for the first half of the year on Wednesday due to strong pricing and new vehicle launches, and stuck to its full-year profit-margin forecast.
Renault CEO calls for flexibility in European EV transition timeline
Renault's CEO Luca De Meo expressed doubts over the timeline for transitioning to electric vehicles in Europe, adding the carmaker has to bring down costs if it wants to deliver on its EV goals, in comments to business daily Les Echos published on Monday.
Renault posts 1.9% rise in first-half sales volume
French automaker Renault said on Thursday its first-half sales volume rose 1.9% compared to the same period a year earlier due to strong performance in Europe, its key region.
Renault's EV unit Ampere to bet on LFP technology for EV batteries
Renault's EV unit Ampere on Monday said it would include the lithium iron phosphate (LFP) technology in its plans to mass produce electric vehicles, teaming up with suppliers LG Energy Solutions and CATL to build a supply chain in Europe.
Aramco to buy 10% stake in Renault, Geely thermal engines JV
Saudi Aramco will take a 10% stake in Horse Powertrain, the thermal engine joint venture between Renault and Geely , the Chinese automaker said on Friday.
Renault-backed BeyonCa plans to build Hong Kong's first EVs
Premium EV maker BeyonCa, backed by Renault and Dongfeng Motor , said on Friday it plans to set up a final assembly plant and its international headquarters in Hong Kong, developing the territory's first car brand.
What Makes RENAULT (RNLSY) a New Strong Buy Stock
RENAULT (RNLSY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Renault sets sights on sporty EVs for profit boost
French automaker Renault presented an electric sports car on Thursday, the first in a planned range of premium EVs, which could help it fight off looming competition from China and grab share in a category outperforming the rest of the market.
Renault, Geely create joint venture for hybrid, combustion engines
French automaker Renault and Chinese peer Geely on Friday announced the creation of a 50-50 joint venture for hybrid and combustion powertrain components and systems.
