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Tag Archives: Renaulution
Groupe Renault Posts 2020 Loss of -€8.5 Billion
The disastrous results take into account an increase of charges related to restructuring costs and impairments of almost a €1 billion. Net income of -€8,046 million (-€660 million in H2) compared to €19 million in 2019. However, a negative Automotive operational free cash flow of -€4,551 million is distressing even with a positive contribution of €1,824 million in H2. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, Renaulution
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Alpine and Lotus to Study Joint Development of an Electric Sports Car as Groupe Renault Restructures
It’s a strange twist when French and English performance car purveyors with winning race teams find themselves cooperating. This also comes as the so-called *Renaulution plan that aims to restore Groupe Renault’s competitiveness based on return, not sales or market share was approved in Boulogne-Billancourt by the Board of Directors this morning, Continue reading
Renault Group Boasts €2B Fixed-Cost Cuts Ahead of Plan
“These results are the fruits of our strategic Renaulution plan, focused on profitability. They mark only the first step in our turnaround, which should accelerate with the arrival of the new vehicles in preparation. I would like to thank all our employees for their commitment in achieving these results,” declared Luca de Meo, CEO of Renault Group. To AutoInformed, it seems premature to have a French victory toast at this point in the ongoing covid and automotive wars. C’est fous. Continue reading →