Category: Newswire

GROUPE RENAULT : Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues

PRESS RELEASEGroupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenuesBoulogne-Billancourt, October 17, 2019Due to an economic environment less favorable than expected and in a regulatory context requiring ever-increasing costs, Groupe Renault revises its guidance for FY2019:Published Group revenues should decline between -3% and -4% (previous guidance:  close to last year level at… Continue reading GROUPE RENAULT : Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues

Piston Group Acquires Marion Industries

This acquisition expands Piston Automotive’s footprint into the Central Ohio region and further diversifies the company’s growing list of OEM customers. Marion Industries has been recognized by Honda for its excellence in quality, delivery and customer value. “Transforming our business and accepting new challenges is required in order to compete in today’s marketplace,” said Piston… Continue reading Piston Group Acquires Marion Industries

Cummins Unveils New Battery Powered Tactical Unit for U.S. Military

SHOREVIEW, Minn.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) debuted the Tactical Energy Storage Unit during the 2019 Association of the United States Army (AUSA) show at the Washington Convention Center, October 14 – 16. The new Tactical Energy Storage Unit is the first battery hybrid power generation system for military use, further enhancing the performance and reliability… Continue reading Cummins Unveils New Battery Powered Tactical Unit for U.S. Military

GROUPE RENAULT : Communication about availability – Renault sales figures for September 2019

Communication about availability – Renault sales figures for September 2019Boulogne, October 16, 2019Renault announces that its sales figures report for September 2019 is now available on Renault website www.group.renault.com, tab Finance, in the ‘Regulated information’, ‘Monthly sales’.As of May 2019, please note that the scope of the Regions has changed: the Africa Middle-East India Region… Continue reading GROUPE RENAULT : Communication about availability – Renault sales figures for September 2019

Experience, not nationality, key for new CEO at France’s Renault – minister

PARIS, Oct 15 (Reuters) – Experience in overhauling a company and a track record in industry will be more important than nationality when carmaker Renault chooses a new chief executive, France's junior economy minister said on Tuesday.
Renault, in which the French government owns a 15% stake, last week kicked off the search for a new leader after ousting CEO Thierry Bollore, hoping new blood will help it repair relations and strengthen a partnership with Japan's Nissan , which has also switched top managers.
The French state, with a boardroom vote on Bollore's successor, is open to casting the net wide, junior minister Agnes Pannier-Runacher told Reuters.
“When we had to find the best profile for someone to lead Air France, we got someone who is not French – very well,” said Pannier-Runacher, referring to ex-Air Canada boss Ben Smith's appointment last year at the airline, in which Paris also holds a stake.
“It's the best profile that counts here, someone that ..

Decision on Turkey plant postponed, VW tells Tanjug

The Volkswagen board of directors has postponed a decision on the construction of a new car plant in Turkey over Ankara’s military action in Syria, a source in the German automotive concern has told Tanjug.The plant, worth between 1.2 bln and 1.5 bln euros, was to be built near Izmir and hire up to 4,000 people.Serbia and several countries in the region were also vying to land the investment.