Renault Archives — Page 2 of 3

May 28, 2020 No Responses

Renault-Nissan-Mitsubishi Presents New Business Model

As part of measures to enhance competitiveness and profitability, members of one of the world’s leading automotive alliances, Groupe Renault, Nissan Motor and Mitsubishi Motor Corporation on Wednesday announced several initiatives.Under the arrangement, member companies plan to build on existing...

May 21, 2020 No Responses

Renault May Close French Factories

French automobile manufacturer Renault has earmarked three manufacturing and assembling factories for closure. According to French media daily,the move comes as a core of the restructuring plan for the company with the intention to reduce fixed costs by €2 b...

May 17, 2020 No Responses

Renault To Discontinue Iconic Models

Renault is preparing to substantially reduce its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans. According to Reuters,the company had already embarked on an overhaul of it...

March 11, 2020 No Responses

Nissan Pulls Out Of Venture Fund With Renault, Mitsubishi

Nissan Motor Company is to pull out from a venture capital fund it runs with alliance partners Renault SA and Mitsubishi Motors, as part of the Japanese automaker’s drive to cut costs and conserve cash. Under the arrangement, Nissan will...

October 28, 2019 No Responses

Renault Seek New Partners As Revenue Drops Further

French carmaker Renault is on the hunt for new partners to buy its cars and components as it reported a fall in quarterly revenue and pushed ahead on a strategic review with “nothing off the table”. According to agency reports,...

October 27, 2019 No Responses

Renault Declares 4.4 Per Cent Drop In Sales

Renault’s group revenue fell in the third quarter, weighed down by a drop in production at partners Nissan and Daimler as declining demand for diesel engines added to the effects of a slowing global market. The company, which owns 43.4%...

October 20, 2019 No Responses

Renault Explains Drop In Sales

Renault has cut its revenue guidance for 2019 further and lowered its profitability forecast, citing difficulties in markets such as Turkey and Argentina as carmakers grapple with a broad-based slump in auto sales. Renault, which has just rejigged its top...

October 6, 2019 No Responses

Renault To Sustain Growth

French carmaker, Renault has reiterated its commitment to post an increase in volumes for the entire calendar year on the back of the demand of their new launches Triber and Kwid in India.. Renault India had reported a decline of...

August 30, 2019 No Responses

Renault, Nissan Seal Traffic Data Collection Alliance

Renault NissanTechnology and Business Centre India (RNTBCI) has joined hands with International Centre for Automotive Technology of India (ICAT) for collecting in-depth data of road accidents. The project will facilitate scientific data-driven approach towards...

July 19, 2019 No Responses

Renault, Coscharis Group Seal Partnership

By Moses Ebosele, ebosele@hotmail.com – After several weeks of speculations, French carmaker, Renault and foremost Nigerian firm, Coscharis Group on Thursday sealed a new partnership to assemble and distribute Renault vehicles in Nigeria. At...

June 20, 2019 No Responses

CEAT Partners Renault On Fuelsmart Tyres

Foremost tyre firm, CEAT has announced its association with Renault for its new car Triber in the sub-4m MPV space. In the past, CEAT partnered with Renault for the launch of its hatchback Kwid. “CEAT’s Fuelsmarrt tyres are specially customised...

June 6, 2019 No Responses

Fiat Chrysler Withdraws Bid For Renault

Fiat Chrysler has withdrawn its merger proposal for French carmaker Renault, the Italian-American firm has said. The announcement followed a failed attempt by Renault board members to reach a decision on the offer. Renault said it had been unable to...

June 3, 2019 No Responses

Board To Vote On Renault Merger With Fiat Chrysler

French automaker Renaultsays its board will meet on Tuesday to vote on a possible merger with Fiat Chrysler. Fiat Chrysler has proposed to merge with Renault to create the world’s third-biggest automaker, worth almost $40 billion, and combine...

November 21, 2018 No Responses

Renault Names Thierry Bolloré Interim Chief Executive

Renault has appointed a temporary deputy chief executive to take over the running of the French car firm following the arrest of Carlos Ghosn. Renault said its chief operating officer, Thierry Bolloré, would step up to the role because Mr...