Renault – Page 1208 – I wish I had more to offer

Groupe Renault: Communication about availability – Renault sales for May 2019

Communication about availability – Renault sales figures for May 2019Boulogne, June 18, 2019Renault announces that its sales figures report for May 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 for May 2019

Fiat and Renault resume negotiations for the merger

As pointed out by an Italian economic newspaper, the top authorities of both automotive brands have resumed contacts on the merger. Undoubtedly, the merger between the Italian and French brands is being the summer soap opera in the automotive world. After Fiat’s tough statement announcing that it was withdrawing its merger offer with Renault for… Continue reading Fiat and Renault resume negotiations for the merger

Beyond Tesla, electric cars lose value faster than other vehicles

Lower maintenance and repair needs plus lower energy costs can make a very convincing case for electric car ownership.

The same isn’t always true for those who own vehicles the old-fashioned way, going with what’s new and fresh every three years or so, before trading it in for the next. Then, electric vehicles have an issue that can turn the math on its side: appalling resale value.

The average new electric vehicle loses 56.6 percent of its original value in three years, according to the car-deal search engine iSeeCars. The average among all kinds of vehicles is 38.2 percent of depreciation over three years.

The depreciation is from its sticker price, so it doesn’t include things like a potential EV tax credit of up to $7,500—which not every buyer may be able to claim.

In a recent analysis, iSeeCars found that the Fiat 500e had the steepest value plunge among EVs. Its average three-year-old used price was just $10,358—a depreciation of nearly 70 percent from its original price. The BMW i3 after three years cost just $19,784, which was a 63-percent cut from its original price. The Nissan Leaf (despite hints of an uptick last year) and Volkswagen e-Golf also posted steep value losses of nearly 60 percent over three years.

2018 BMW i3s

The Ford Fusion Energi was also called out by iSeeCars a plunge in value that was nearly as steep as that of those EVs. The Fusion Energi is worth just $15,983 after three years.

The new trends come from an analysis of more than 4.8 million car sales, comparing average price weighted by sales volume for vehicles sold between January and May 2019 with those of the same model sold between January and May 2019, adjusting for inflation via the U.S. Bureau of Labor Statistics.

2019 Tesla Model S

Tesla is an exception to the rule, though—and proof that EVs don’t have to be resale-value money pits. After three years, the average Tesla Model S remains worth a strong $57,517, according to iSeeCars, which is just a 17.1-percent reduction from its price when new.

For nearly all the other non-Tesla models, these losses help enforce the value of leasing (under what are in many case highly subsidized offers), while purchasing may only make sense when planning to keep an EV over a longer timeline.

All of the electric models that lost the largest chunk of their original value are short-range models. One of the keys to success (and a signal of success) for the new long-range fully electric vehicles is that they escape the pull of strong depreciation. With the first Chevrolet Bolt EVs due to near that three-year mark early next year—and the new ones in their tax-credit phaseout—we’ll start getting some answers on whether that's the case in a matter of months.

Fiat Chrysler CEO Back to Square One Following Renault Deal Collapse – The Wall Street Journal

Fiat Chrysler Automobiles NV Chief Executive Mike Manley spent his first year in the job trying to motivate employees stunned by the sudden death last summer of his charismatic predecessor, Sergio Marchionne. Now, the 55-year-old executive must again rally the workforce following Fiat Chrysler’s failed merger proposal and a whistleblower lawsuit filed by one of… Continue reading Fiat Chrysler CEO Back to Square One Following Renault Deal Collapse – The Wall Street Journal

Renault-Nissan alliance remains priority for French finance minister

FILE PHOTO: French Economy and Finance Minister Bruno Le Maire delivers a speech during a high-level forum on debt at the Finance ministry in Paris, France, May 7, 2019. REUTERS/Benoit Tessier/File Photo PARIS (Reuters) – Renault’s alliance with Japanese partner Nissan remains French Finance Minister Bruno Le Maire’s priority ahead of any further consolidation with… Continue reading Renault-Nissan alliance remains priority for French finance minister

Renault chief frustrated by French state over botched merger

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Election of the Board of Directors of JSC ”AVTOVAZ”

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17.06.19
Election of the Board of Directors of JSC ''AVTOVAZ''

The Annual General Shareholder Meeting of JSC “AVTOVAZ” was held on 14 June 2019. The meeting agenda included consideration of various matters and approval of a new composition of the Company’s Board of Directors.
Nicolas Maure, SVP, Chairman of Eurasia Region, Groupe Renault, was elected Chairman of the Board of Directors of JSC “AVTOVAZ”. Sergey Skvortsov was elected Vice-Chairman of the Board of Directors.
The following persons left the board: Thierry Bolloré, Jérôme Olive and Dmitri Kurdyukov. They were replaced by the following persons elected to the Board of Directors for the first time:
Olivier Murguet, Groupe Renault Executive Vice President, Sales & Regions;
Jérôme Moinard, Alliance VP Manufacturing, Process Engineering & Supply Chain for Eurasia;
Nikolay Teskhomskiy, First Deputy Chairman, Vnesheconombank.
The current composition of AVTOVAZ Board of Directors is following:
Nicolas Maure, Chairman of the Board of Directors, Senior Vice President, Chairman of Eurasia Region, Groupe Renault
Sergey Skvortsov, Vice-Chairman of the Board of Directors, Executive Chairman, RT Invest
Bruno Ancelin, independent, former Groupe Renault Executive Vice President
Vladimir Avetissian – Deputy Chairman of Executive Board, UK`ROSNANO’
Yves Caracatzanis, President and CEO of AVTOVAZ
Gaspar Gascon Abellan – Deputy Alliance Executive Vice President, Engineering
Philippe Jeol, VP, Partnerships and Governance Eurasia Region, Groupe Renault
Sergey Kogogin – General Director, PJSC ''KAMAZ''
Olivier Murguet, Executive Vice President, Sales & Regions, Groupe Renault
Jérôme Moinard, Alliance regional Senior Vice President, Manufacturing, Production Engineering and Supply Chain
Thierry Piéton –Senior Vice President, Performance and Control, Groupe Renault
Nikolay Tsekhomskiy, First Deputy Chairman, Vnesheconombank
Eduard Vaino – Vice President for Government and Shareholders Relations, AVTOVAZ
Igor Zavyalov – Deputy General Director for Finance, State Corporation Rostec
Sergei Zaytsev – Chairman of Primary Trade Union Organization, AVTOVAZ.
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Election of the Board of Directors of JSC ''AVTOVAZ''

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FCA chair explains decision to cut off talks with Renault

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Nissan expands internal investigation into Carlos Ghosn

Probe extends to every country in group’s network Go to Source

Nissan to yield to Renault’s requirements

After a week under high voltage, Nissan management is preparing to yield to the latest demands of Renault, which demanded a more important place for its representatives in the committees that will constitute the future governance of the Japanese manufacturer of which it holds 43.4%. Officially, Nissan’s response to the very firm letter that Jean-Dominique… Continue reading Nissan to yield to Renault’s requirements