Tag: Renault

VW Group’s Seat brand postpones China entry – Automotive News Europe

Seat officially signed an agreement to join the JAC Volkswagen venture in November 2018. At the time, Seat said. “JAC Volkswagen will introduce the SEAT brand by 2021, and jointly electrify SEAT products.” De Meo, who is slated to become CEO of Renault Group on July 1, said in a 2018 interview with Automotive News… Continue reading VW Group’s Seat brand postpones China entry – Automotive News Europe

UPDATE 1-Honda extends North America auto production halt through May 8

FILE PHOTO: The logo of Honda is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017. REUTERS/Arnd Wiegmann WASHINGTON (Reuters) – Honda Motor Co (7267.T) said on Thursday it will extend a shutdown of its North American auto plants through May 8, while also extending unpaid leave for many… Continue reading UPDATE 1-Honda extends North America auto production halt through May 8

GROUPE RENAULT: Quarterly information – March 31, 2020

PRESS RELEASE#RenaultResults                                                                                                                                                      Groupe Renault’s revenues of €10,125 million in the first quarter of 2020                       ·The Group sold 672,962 vehicles in the quarter, down -25.9% in a global market down -24.6%1.                       ·Group revenues reached €10,125 million (-19.2%) in the quarter. At constant exchange rates and perimeter2, the decrease would have been             -18.3%.                       ·Renault’s Board of Directors decided on April 9,… Continue reading GROUPE RENAULT: Quarterly information – March 31, 2020

@Renault: AVTOVAZ announces a new appointment 2020 March

Effective beginning of March, 2020, Natalya Vasilyeva-Bernard, Director for Accounting and Reporting – General Accountant of JSC “AVTOVAZ”, was appointed Executive Vice President for Finance of JSC “AVTOVAZ”. Ms. Vasilieva-Bernard finished Moscow State University with accounting degree in transport, and has 25 years of experience in accounting and finance in Russian and French companies. Before… Continue reading @Renault: AVTOVAZ announces a new appointment 2020 March

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