Tag: Renault

@Geely: Geely Automobile Holdings to Acquire 34.02% of the Shares of Renault Korea Motors

Geely Automobile Holdings (Geely Auto, stock code on SEHK: 0175) and Renault Group have reached an agreement into which Geely Auto will subscribe for 34.02% of the shares in Renault Korea Motors (RKM) through a capital increase mechanism. The deal will be subject to the approvals by relevant authorities. This will enhance the collaboration between… Continue reading @Geely: Geely Automobile Holdings to Acquire 34.02% of the Shares of Renault Korea Motors

@Renault: RENAULT GROUP: MOBILIZE SETS OUT ITS AMBITIONS IN SERVICES AND TECHNOLOGY, TARGETING 20% OF RENAULT GROUP’S TURNOVER IN 2030000379

PRESS RELEASEMAY 10, 2022 MOBILIZE SETS OUT ITS AMBITIONS IN SERVICES AND TECHNOLOGY, TARGETING 20% OF RENAULT GROUP’S TURNOVER IN 2030 Mobilize is driving Renault Group’s transformation towards the new mobility value chain, confirming its target of accounting for 20% of the Group’s turnover in 2030. By building a model based on Vehicles-as-a-Service, Mobilize is rewriting… Continue reading @Renault: RENAULT GROUP: MOBILIZE SETS OUT ITS AMBITIONS IN SERVICES AND TECHNOLOGY, TARGETING 20% OF RENAULT GROUP’S TURNOVER IN 2030000379

@Renault: RENAULT GROUP: Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors000377

Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors Geely Automobile Holdings (Geely Auto, stock code on SEHK: 0175) and Renault Group have reached an agreement into which Geely Auto will subscribe for 34.02% of the shares in Renault Korea Motors (RKM) through a capital increase mechanism. The deal will be… Continue reading @Renault: RENAULT GROUP: Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors000377

Renault: “No one attacks the services market like we do”

Renault wants to achieve 20% of its turnover from services in 2030, compared to 6% today: how do you plan to achieve these ambitious objectives? Owning your own vehicle is no longer self-evident. We therefore want to sell not cars, but “Vehicle as a service”, that is to say the use of a vehicle, with… Continue reading Renault: “No one attacks the services market like we do”

Renault to sell 34% of its Korea unit to China’s Geely for $207m …

Renault will sell just over a third of its Korea unit to China’s Geely Automobile Holdings for 264 billion won ($207 million) as the French automaker looks to shore up sales in its home market and focuses on its electric business. The deal also comes months after Geely and Renault announced a partnership to develop a lineup of… Continue reading Renault to sell 34% of its Korea unit to China’s Geely for $207m …

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