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Renault Samsung To Suspend Production At Its Busan Factory During Sept 25-Oct 18 To Adjust High Inventories Caused By Weak Sales
Renault Partners With French Rugby Federation
Renault: Luciano Biondo Joins Groupe Renault Team
Renault SA is a France-based company that designs, manufactures and sells passenger cars and light commercial vehicles and related services. Its brand portfolio consists of Renault, Dacia (both operating globally), Alpine (active in Europe, Japan and Australia), Renault Samsung Motors (operates only in South Korea) and Lada (operates only in Russia). The Group operating segments are three: Automotive excluding AVTOVAZ, Sales Financing and AVTOVAZ. Automotive excluding AVTOVAZ consists of the Group’s automotive activities comprising the production, sales, and distribution of passenger and light commercial vehicles, automobile service for the Renault, Dacia and Samsung brands and investments in Nissan, among others. Sales Financing, carried out by RCI Banque, covers the financing operations for sales of vehicles to dealers and end-users. AVTOVAZ, consists of the Russian automotive group AVTOVAZ and its parent company, the joint venture lliance Rostec Auto b.v.
Auto & Truck Manufacturers
13-15 quai Le Gallo
Chairman of the Board, Chairman of the Management Committee, Member of the Executive Committee
Luca de Meo
Chief Executive Officer
Interim Chief Executive Officer, Executive Vice President, Chief Financial Officer of Groupe Renault and Chairman of the Board of Directors of RCI Banque
Joao Miguel Leandro
Chief Executive Officer of RCI Bank and Services
Denis Le Vot
Executive Vice President Regions, Sales and Marketing, Member of the Group Executive Committee, Member of the Management Committee
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Twice world champion Fernando Alonso said on Thursday he hoped to attend some races this year to help Renault with "anything they may need" before his Formula One comeback in 2021.
Renault's new Chief Executive Luca de Meo is keen to develop a sportier "crossover" model of the carmaker's popular Megane range, three sources familiar with the plans said, as the loss-making firm aims to roll out more profitable vehicles.
Renault's <RENA.PA> new sports division Alpine will enter the 2021 World Endurance Championship, a series whose jewel in the crown is the Le Mans 24 Hours, the brand's general manager said on Monday.
Australian Oscar Piastri won the FIA Formula Three championship after the season-ending race at Italy's Mugello circuit on Sunday.
Japan's Nissan Motor Co <7201.T> will issue $8 billion in dollar-denominated debt and is considering euro-denominated bonds, it said on Friday, as the troubled automaker looks to diversify its funding.
Renault may have to cut more costs than initially planned to get out of the red zone and its cash-flow projections are alarming, the French carmaker's new chief executive said in an internal memo seen by Reuters.
French carmaker Renault <RENA.PA> unveiled the new lines of two of its best-selling cars on Monday, both models manufactured by its Romanian low-cost brand Dacia, recently upgraded to an independent division within the company.
Renault will rename its team Alpine from the 2021 season, the Formula One team said in a statement https://en.media.groupe.renault.com/news/alpine-f1-r-team-enters-formula-1-63c5-989c5.html ahead of the Italian Grand Prix on Sunday.
France's Renault said on Thursday it was moving to a new organisational set-up focused on core brands rather than geographies, in the first move by new Chief Executive Luca de Meo to shake up the loss-making carmaker.
Record losses reported this week first by Nissan <7201.T> then its alliance partner Renault <RENA.PA> confirmed a harsh reality - automakers that already had weaknesses are having them mercilessly exposed by the COVID-19 epidemic.
French carmaker Renault <RENA.PA> said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan <7201.T>.
The new CEO of French carmaker Renault <RENA.PA> said on Thursday he was confident that his firm's troubled alliance with Japanese partners Nissan <7201.T> and Mitsubishi <7211.T> would demonstrate that it was valuable for all sides.
The new CEO of French carmaker Renault said on Thursday he was confident that his firm's troubled alliance with Japanese partners Nissan and Mitsubishi would demonstrate that it was valuable for all sides.
When the French part of the Renault-Nissan alliance reports its results on Thursday, investors expect confirmation of a harsh reality: automakers that already had weaknesses are having them mercilessly exposed by the COVID-19 epidemic.
French carmaker Renault <RENA.PA> on Monday reported a 34.9% drop in worldwide vehicle sales in the first half of the year due to the impact from the new coronavirus outbreak but said it had seen some signs of recovery in June.
Former Nissan Motor Co Ltd Chairman Carlos Ghosn took a swipe at his old employers in a newspaper interview on Sunday, calling the Renault and Nissan results "pathetic", driven as much by a lack of joint leadership than the COVID-19 pandemic.
Formula One's governing body impounded brake ducts from the Racing Point cars on Sunday after Styrian Grand Prix stewards ruled a Renault protest met the requirements for further investigation.
Renault <RENA.PA> expects a pick-up in the French car market in June, after the country's coronavirus lockdown was lifted, to carry on into the third quarter, the brand's sales chief for France Ivan Segal said on Wednesday.
Russian Sergey Sirotkin will be on standby in Austria this weekend after Renault announced on Tuesday they had retained him as their Formula One reserve driver.
Renault's <RENA.PA> incoming Chief Executive Luca de Meo said on Friday he was confident the ailing French carmaker, which has just launched major cost cuts, could deliver a positive surprise for investors after a period of faltering sales and margins.
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