Back to Earth. After having thrilled the Stock Exchange and raised billions of euros, the newcomers on the used car market in Europe are now arousing the mistrust of investors. Cazoo, Auto1 and others are still aiming to revolutionize industry practices by selling cars reconditioned by them online, but the game looks more complicated than… Continue reading A brake on the new used car champions
Author: Les Echos (French)
Carvana, or the stock market rout of “the Amazon of used cars”
The pandemic was ultimately not the most complicated period. Carvana, the rising star of online used car sales, has just laid off 2,500 people – many of them by simply meeting on Zoom. The Phoenix (Arizona) company, which has shaken up traditional retailers like CarMax in ten years by promising fast and contactless transactions, is… Continue reading Carvana, or the stock market rout of “the Amazon of used cars”
Lancia will return to the French market from 2024
Carlos Tavares had promised it at the beginning of 2021, during the merger between PSA and Fiat Chrysler: each of the 14 brands in the portfolio of the new group “will have a chance”. Despite the production crisis that is shaking the sector, the boss of Stellantis kept its word, to the delight of Lancia,… Continue reading Lancia will return to the French market from 2024
Renault delivers its vision of the next Scénic and sustainable cars
Between the shortage of semiconductors (which affects the whole sector) and setbacks in Russia , Renault’s news is anything but serene. Despite these crises, the manufacturer does not forget to prepare for the long term: it unveiled a new concept car on Thursday, which clears the ground for its commitments in terms of sustainable development… Continue reading Renault delivers its vision of the next Scénic and sustainable cars
Renault-Nissan: no capital movement without a stock market rally
This is the question that still obsesses some of the Japanese economic elites and the old guard at Nissan. It was asked repeatedly, this Monday, to Jean-Dominique Senard, the president of Renault, and to Luca de Meo, its managing director, on the move for several days in Yokohama, at the headquarters of their Japanese partner.… Continue reading Renault-Nissan: no capital movement without a stock market rally
Pierre Michelin, a new generation at the head of the family holding company
Navy blue suit and white shirt, Pierre Michelin evokes his new responsibilities with humility, but conviction. Barely twenty-five years old, the third of six children of Edouard Michelin, the former boss of the tire manufacturer who died tragically in 2006, was appointed president of Mage Invest, the family holding company, a few weeks ago. Representative… Continue reading Pierre Michelin, a new generation at the head of the family holding company
Plastic Omnium wants to double in size by 2030
A billion in turnover in 2000, eight times more last year: Plastic Omnium (PO) has placed its recent history under the sign of growth, and the equipment supplier controlled by the Burelle family does not intend to change cap. The strategic plan presented to investors on Thursday plans to reach 15 billion euros in turnover… Continue reading Plastic Omnium wants to double in size by 2030
Renault clarifies its “split” project
Renault’s project is taking shape. Three months after discussing his idea of separate its activities in the electric car, on the one hand, and in the thermal car, on the other hand, the management of the group at Losange presented its project to its employees in France, during an economic and social committee which met… Continue reading Renault clarifies its “split” project
Renault: “No one attacks the services market like we do”
Renault wants to achieve 20% of its turnover from services in 2030, compared to 6% today: how do you plan to achieve these ambitious objectives? Owning your own vehicle is no longer self-evident. We therefore want to sell not cars, but “Vehicle as a service”, that is to say the use of a vehicle, with… Continue reading Renault: “No one attacks the services market like we do”
2022, the year when Renault should be overtaken by Tesla
Renault, overtaken by Tesla? If the tricolor manufacturer sold almost three times more cars last year than the electric car champion, the comparison of turnover is much less flattering for the firm at Diamond. Not to mention the difference in profitability or market capitalization, indicators on which Tesla now crushes all traditional manufacturers. In 2021,… Continue reading 2022, the year when Renault should be overtaken by Tesla