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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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Renault, Klépierre Join on Shopping Center Mobility Services
Groupe Renault and Klépierre are also developing multi-use charging hubs for electric vehicles, dubbed “Charging Houses or Maisons de charge.” These stations will be installed by Groupe Renault in the car parks of shopping centers located in high population areas and will be used primarily by visitors during the day and residents at night and on weekends. Continue reading
Renault Board Investigation Backs Ghosn. Governance Measures Stay in Place. Compensation Controversy Ongoing
Their preliminary conclusion is that the compensation of Carlos Ghosn, Chairman and Chief Executive Officer of Renault and the conditions under which such compensation was approved followed applicable law as well as the recommendations of the *AFEP-MEDEF. The Board of Directors decided to maintain the current governance measures established on November 20, 2018. Continue reading
Posted in auto news, litigation, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, carlos ghosn, connected vehicles, corporate governance in France, ghosn, Groupe Renault, Kelly and Nissan Motor, Ken Zino, new vehicle reviews, Renault Nissan Mitsubishi Alliance, the Japan Financial Instruments and Exchange Act
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Group Renault Revenues of €11.5 billion in Q3 2018 or -6%
During Q3 2018, Group Renault revenues reached €11,484 million (-6.0%). At constant exchange rates, Group revenues decreased by -1.4%. Continue reading
Alliance Ventures Invests in Coord, a US Mobility Data Platform
Application programming interface – API – is a set of tools for MAKING software from defined methods of communication between various components. A strong API makes it easier to develop computer instructions by providing separated pieces, which are then put together by the programmer. Continue reading
Posted in auto news, autonomous vehicles, car sharing, electronics, transportation
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, Coord, Coord API, Groupe Renault, Ken Zino, Mitsubishi Motors, new car reviews, Nissan Motor Company
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Group Renault Sets Half-Year Sales Record – 1.88 Million
Group Renault registrations worldwide, including Lada, increased 10.4% in the first half of 2017, in a light-vehicle market that was only up 2.6%. Continue reading
Posted in results, sales
Tagged autoinformed, autoinformed.com, Dacia, Groupe Renault, Ken Zino, Renault Q2 2017 Sales, Renault Samsung Motors
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Renault Group Links with Computer Vision Firm Chronocam
In the latest development on the rapidly moving road to autonomous vehicles, Renault now has an agreement with Chronocam SA, a developer of vision sensors and “computer vision solutions.” Continue reading
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 →