Renault S.A. Chairman Jean-Dominique Senard disclosed on Monday that the company has no issue with Nissan Motor Co. forming partnerships that benefit both automakers.Speaking to France’s BFM TV, he clarified that while Renault remains open to suitable collaborations, Honda Motor Co.’s...
Renault Chief Executive Officer Luca de Meo indicated on Thursday that the company has not ruled out a potential return to the Russian market."When we see a business opportunity, we'll try to grasp it," the CEO told the Financial Times in an interview but emphasized that the automaker is currently...
Renault Group revealed on Thursday that its revenue in the full year 2024 amounted to €56.2 billion, up 7.4% compared to the same period in 2023. In the 12 months ending December 31, 2024, year over year, while net income slumped 61% to €891 million, operating income rose 4% to €2.6...
Foxconn Chair Young Liu told reporters on Wednesday the company is considering acquiring Renault's stake in Nissan to facilitate cooperation on electric vehicles (EVs)."We did have talks about acquiring a stake in [Nissan]," Young Liu told reporters. "If [taking a stake] is necessary for cooperation,...
Renault Group announced on Tuesday in a press release that the position of the chief financial officer (CFO) will now be occupied by Duncan Minto, the current CFO of Automobiles Alpine SAS."Thanks to his 25 years’ experience in finance and his extensive knowledge of the Group, and the automotive...
The European Automobile Manufacturers' Association (ACEA) has called on the EU to negotiate a trade agreement with the United States to prevent potential tensions. In a five-page letter sent Thursday to the Presidents of the European Commission and Parliament, as well as EU Ambassadors, the...
Renault Group reported 2,264,815 vehicle sales worldwide in 2024, a 1.3% increase over 2023, the company said in a report on Thursday.European sales rose 3.5%, driven by strong demand for the Renault Sandero and a surge in electrified models. In Brazil, sales climbed 10.3%, while South Korea...
Shares of Renault Group climbed by over 5% in European trading on Wednesday after media reports claimed that Honda Co. and Nissan Motor Corporation are considering entering into a merger.Namely, Renault and Nissan have a cross-shareholding structure, with Renault holding just under...
Renault Group's shares skyrocketed on Thursday after the company revealed that its third-quarter revenue grew 2% on a yearly basis or 5% at constant exchange rates. The automaker also said it retained a "solid" order book in Europe at around 2 months of forward sales, indicating a "strong" fourth...
Renault Group said on Thursday its revenue in the third quarter of 2024 rose 2% year on year to land at €10.7 billion. The increase was 5% at constant exchange rates. Automotive revenue stood at €9.3 billion, down 0.5% from the same period in 2023, but worldwide sales fell 6% to 482,468...
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