Tag: Renault

Sweden’s Volvo hit by cancelled orders as pandemic creates ‘new normal’

STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) on Thursday warned of stalling truck orders and a challenging adjustment to a “new normal” of feebler demand after reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales. FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in… Continue reading Sweden’s Volvo hit by cancelled orders as pandemic creates ‘new normal’

Renault seeks state-backed loan to build cash buffer

PARIS (Reuters) – Renault (RENA.PA) is in talks with the French government to secure a state-backed loan worth several billion euros to shore up its liquidity during the coronavirus pandemic, the French carmaker said on Thursday. FILE PHOTO: The logo of French carmaker Renault is seen before the company’s 2019 annual results presentation at their… Continue reading Renault seeks state-backed loan to build cash buffer

Volvo beats first-quarter forecasts but warns of truck order cancellations

STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) on Thursday warned of weakening truck demand despite reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales. FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo Its net order intake… Continue reading Volvo beats first-quarter forecasts but warns of truck order cancellations

Truck maker Volvo profit falls less than expected amid pandemic pain

FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) reported a smaller-than-expected fall in quarterly operating earnings on Thursday as service sales held up in the face of tumbling sales and orders of… Continue reading Truck maker Volvo profit falls less than expected amid pandemic pain

Renault’s first-quarter sales fall, outlook still unclear

FILE PHOTO: The logo of French carmaker Renault is seen before the company’s 2019 annual results presentation at their headquarters in Boulogne-Billancourt, near Paris, France, February 14, 2020. REUTERS/Gonzalo Fuentes/File Photo PARIS (Reuters) – French carmaker Renault (RENA.PA) on Thursday posted a 19.2% drop in first-quarter revenue to 10.13 billion euros ($10.97 billion), and said… Continue reading Renault’s first-quarter sales fall, outlook still unclear

Nissan, partners to draft deeper alliance in May: Yomiuri

FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann TOKYO (Reuters) – Nissan Motor Co (7201.T), Renault SA (RENA.PA) and Mitsubishi Motors Corp (7211.T) will draft plans for a deeper alliance next month, including joint development of… Continue reading Nissan, partners to draft deeper alliance in May: Yomiuri

Solace and Savari partner to create seamless cloud and edge experience for automotive OEMs, mobile operators, tower operators, and road operators

Solace, an enabler of real-time event-driven data streaming for enterprise computing, IoT and mobile applications, and Savari, Inc., a Silicon Valley-based auto tech company and a pioneer of Vehicle-to-Everything (V2X) communications technology for smart infrastructure, announced a strategic partnership to jointly enable seamless transition across cloud and edge computing. Solace and Savari are partnering to take… Continue reading Solace and Savari partner to create seamless cloud and edge experience for automotive OEMs, mobile operators, tower operators, and road operators

Nissan dealers to provide 100 cars to NHS workers

Nissan has announced that it will provide 100 cars for free use by NHS workers via it’s UK dealer network. More than 30 dealer sites, those still able to operate, are taking part in the initiative. The vehicles are provided at no cost and will include complimentary insurance and roadside assistance. Only fuel or charging… Continue reading Nissan dealers to provide 100 cars to NHS workers

@Groupe PSA: First quarter 2020 sales

in €m Q1 2019 Q1 2020 Reported At constant scope & curr. Sales 4,325 3,739 -13.5% -19.7% By region Europe North America Asia South America Rest of the World 2,217 1,117 798 150 43 1,931 1,014 635 127 32 -12.9% -9.2% -20.4% -15.2% -26.2% -16.4% -18.3% -33.9% -2.1% -21.5% Q1 SALES IMPACTED BY COVID-19 DISRUPTION… Continue reading @Groupe PSA: First quarter 2020 sales