PARIS (Reuters) – A hefty profit warning sent Renault (RENA.PA) shares tumbling as much as 15% on Friday, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp slowdown in the global auto industry. FILE PHOTO: The logo of French car manufacturer… Continue reading Renault shares plunge as profit warning deepens its problems
Tag: Renault
AB Volvo truck orders tumble as markets hit brakes in third-quarter
STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) on Friday reported a sharp fall in order intake of its trucks in the third quarter and forecast slumping market demand on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings. FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at… Continue reading AB Volvo truck orders tumble as markets hit brakes in third-quarter
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
Electric Renault Twingo Confirmed By Product Planning Boss
Renault Twingo Z.E. is now expected in 2020 according to Renault’s Executive Vice President, Product Planning and Programs. An all-electric Renault Twingo (a city car smaller than ZOE) has been expected for years and it seems that it will be finally introduced! This summer we saw a leaked calendar of new model launches by Renault,… Continue reading Electric Renault Twingo Confirmed By Product Planning Boss
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
Renault, ADA Launch Paris EV Carsharing
The number of vehicles put into service will increase to follow the customer demand. Photo via Max Pexels. Groupe Renault and ADA are launching the Moov’In.Paris mobile app, which will provide access to their free-floating carsharing service for electric vehicles. Through the Moov’in.Paris app, 100 Renault ZOE and twenty Renault Twizy will be put into service… Continue reading Renault, ADA Launch Paris EV Carsharing
Groupe PSA ‘Booster Day’: imagining disruptive innovations to drive competitiveness in the Plant of the Future
For the fourth consecutive year, Groupe PSA organized a day dedicated to its Plant of the Future program 60 partners, including 25 start-ups, came together to tackle 24 challenges A key theme in 2019: carbon neutrality The fourth annual Booster Day, an event dedicated to Groupe PSA’s Plant of the Future, was held today in… Continue reading Groupe PSA ‘Booster Day’: imagining disruptive innovations to drive competitiveness in the Plant of the Future
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 ..
One-third of car firms have cut jobs amid Brexit uncertainty
Automotive industry Survey reveals divestment and relocation as industry warns against no-deal departure Workers at the Nissan car factory in Sunderland. The firm has said a no-deal Brexit would jeopardise its European operation. Photograph: Christopher Thomond/The Guardian One in three car firms are cutting jobs and one in eight have divested from their UK businesses… Continue reading One-third of car firms have cut jobs amid Brexit uncertainty
Q&A: Rivian’s Manufacturing Chief On What’s Happening Inside The Plant – WGLT News
While Uptown Normal was filled with Rivian buzz during Sunday’s community event, the real action is taking place 5 miles west at the automaker’s manufacturing plant. Inside the 2.6 million-square-foot plant, construction is taking place seven days a week to get ready for production to begin in 2020. There are already 130 employees on site,… Continue reading Q&A: Rivian’s Manufacturing Chief On What’s Happening Inside The Plant – WGLT News