Tag: Renault

Macron and Le Pen agree: Carlos Tavares’ salary is “exaggerated and shocking” – brytfmonline.com

Alexander Miguel / Wikimedia Portuguese Carlos Tavares, former No. 2 at Renault, head of Peugeot/Citroen/Opel French President Emmanuel Macron considered, on Friday, the “astronomical” value of the salary of Portuguese Carlos Tavares, CEO of the French automaker Stylantis, “shocking and excessive.” According to the agency ReutersThe French president, who is currently running for re-election in… Continue reading Macron and Le Pen agree: Carlos Tavares’ salary is “exaggerated and shocking” – brytfmonline.com

2022, the year when Renault should be overtaken by Tesla

Renault, overtaken by Tesla? If the tricolor manufacturer sold almost three times more cars last year than the electric car champion, the comparison of turnover is much less flattering for the firm at Diamond. Not to mention the difference in profitability or market capitalization, indicators on which Tesla now crushes all traditional manufacturers. In 2021,… Continue reading 2022, the year when Renault should be overtaken by Tesla

Tesla, new profit champion among automakers

Who would’ve believed that ? Barely a year ago, Tesla’s meager profits came largely from sale of CO2 credits . Today, against all odds, the champion of the electric car has also become the champion of profitability in the automotive industry. According to the ranking established by the firm EY based on the 2021 accounts… Continue reading Tesla, new profit champion among automakers

Auto Sales in April 2022: PVs marred by supply constraints, 2Ws show recovery, CVs, tractors in green

Representative Image New Delhi: The first month of the financial year, April, has been marred by COVID challenges for the past two fiscal years. In 2020, automobile OEMs saw zero production and sales during the month due to the first COVID wave. In 2021, the year started on a good note but the later part… Continue reading Auto Sales in April 2022: PVs marred by supply constraints, 2Ws show recovery, CVs, tractors in green

Carlos Ghosn allegedly received more than $30 million from a Renault distributor in the Middle East

If Carlos Ghosn escaped Japanese justice by fleeing to Lebanon, he risks soon being tried in France, whether he is present or not, for abuse of corporate assets, money laundering and acts of corruption. French magistrates suspect the former CEO of the Renault-Nissan-Mitsubishi alliance of having received more than $30 million from a major distributor… Continue reading Carlos Ghosn allegedly received more than $30 million from a Renault distributor in the Middle East

Renault: the explosive question of Nissan’s participation

Posted on Apr 29, 2022 at 3:30 p.m.Updated on Apr 29, 2022 at 3:37 p.m. Renault will certainly be among the hot issues that the future government will find in its boxes. The executive will not only have to ensure that the finances of the Diamond remain afloat after his retirement from Russia , and… Continue reading Renault: the explosive question of Nissan’s participation

Brayleys Cars buys Orpington Honda from Lookers

Hertfordshire-based Brayleys Cars has bought Orpington Honda from Lookers for an undisclosed sum. The acquisition gives the group coverage for the Japanese manufacturer around the M25 and positions it as Honda’s largest private franchisee in the UK with eight showrooms and ten aftersales outlets. The Orpington outlet joins Brayley Honda’s network of dealerships in Enfield,… Continue reading Brayleys Cars buys Orpington Honda from Lookers

Visteon Announces First-Quarter 2022 Results

VAN BUREN TOWNSHIP, Mich., April 28, 2022 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today reported first quarter financial results. Highlights include: Sales of $818 million, up 11%1 from prior year Growth-over-market of 22%1 versus top customers’ vehicle production Net income of $22 million Adjusted EBITDA of $71 million or 8.7% of sales 16 new… Continue reading Visteon Announces First-Quarter 2022 Results