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Tag Archives: Groupe Renault
Groupe Renault Q3 Revenues -8% at €10,374m, Sales -6%
“This third quarter highlights the change in our commercial policy, which now focuses on profitability rather than volumes.” Our EV performance, our E-TECH hybrid models which have been very well received…” claimed Luca de Meo, CEO of Renault. Group revenues reached €10,374 million (-8.2%) in the quarter. Continue reading
Groupe Renault Changes Execs – outsider Luca de Meo as CEO, Clotilde Delbos Deputy CEO
De Meo becomes the second executive to lead Renault (RNLSY) since Ghosn was arrested in Japan in 2018 and subsequently charged with financial fraud. Ghosn’s successor at Renault, Thierry Bollore, left last fall, in part it seems because he was a Ghosn protégé and after the collapse of a proposed merger with Fiat Chrysler in June that Nissan nixed. Continue reading
Groupe Renault, Its Works Council and Industrial Global Union Sign Global Quality of Work Life Agreement
The agreement, signed by the 10 trade union federations or unions represented in the Group Works Council, provides a basis for structuring social dialogue, both at Group and local level. It “encourages the launching of new initiatives, as well as finding relevant pragmatic solutions to improve employees’ life at work, through the negotiation of local agreements.” Continue reading
FCA Balks at French Government In-Laws. Renault Marriage Off
However, Renault’s Board of Directors was unable to take a decision due to the request by the representatives of the French State to postpone the vote to a later Council. Continue reading
Renault’s Board of Directors Continue FCA Merger Study
The proposed combination would create a global automaker, pre-eminent in terms of revenue, volumes, profitability and technology, benefiting the companies’ respective shareholders and stakeholders, according to FCA. Continue reading
Renault’s Board of Directors to Study with FCA the Merger
“After careful review of the terms of FCA’s friendly proposal, the Board of Directors decided to study with interest the opportunity of such a business combination, comforting Groupe Renault’s manufacturing footprint and creating additional value for the Alliance,” Renault said in a carefully worded statement. Continue reading
Posted in economy
Tagged auto industry commentary, autoinformed.com, automotive blog, fca, Groupe Renault, Ken Zino
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Groupe Renault Board Meeting Now on FCA Merger Bid
Based on FCA and Groupe Renault’s 2018 global sales, the combined company would be #4 in North America, #2 in EMEA and #1 in Latin America and would have the increased resources necessary to grow its footprint in the APAC region. On a simple aggregated basis of 2018 results, the combined company’s annual revenues would be nearly €170 billion with operating profit of more than €10 billion and net profit of more than €8 billion. Continue reading
Posted in milestones, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, fca, Groupe Renault, Ken Zino
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Boss-Napping at Renault’s Fonderie de Bretagne Ends
AutoInformed first became aware of the union action late yesterday when Renault issued an unusual statement on its website: “Renault Group strongly condemns these actions and calls for the lifting of the blockade and an immediate return to calm. Renault Group recalls that the search for a buyer is currently underway in order to maintain the site’s activities and ensure the continuity of jobs. This process must continue with dialogue and calm.” Continue reading →