All articles related to French automaker Renault.
The Renault-Nissan-Mitsubishi alliance is accumulating $200 million in a new mobility tech fund, three sources stated, in the recent move by significant automakers to adapt to quick industry change by investing in startups through their own equity capital arms. The fund, due to be revealed by CEO Carlos Ghosn at the CES tech industry show
Renault Group stated on Tuesday its 2017 sales increased 3.4 percent in France to 673,869 units, the highest in six years, following a 6.5 percent boost at its no-frills Dacia brand. Sales for the Renault brand were increased 2.7 percent, the company stated. Last month, Renault was reported to have been preparing to name a
Renault has invested in plant capacity to build up to 6,000 sports cars every year under the revived Alpine brand, the company stated on Thursday, as it officially opened the new production line in Dieppe, northern France. The French automaker has spent 36 million euros ($42 million) updating the site, factory boss Pierre-Emmanuel Andrieux informed
French automaker Renault anticipates a first-mover benefit in electric automobiles and a broader range of automobiles for emerging markets to help it provide a 44 percent sales boost by 2022. Electric cars are “developing into a substantial contributor to our performance while other automakers are just starting the journey”, CEO Carlos Ghosn stated on Friday.
Renault said on Monday it agreed on a new joint venture deal in Iran after an initial collaboration contract struck in 2016, which Renault said would enhance its development in the country. Western companies, consisting of Renault and PSA went back to do business in Iran since 2016 after a deal to remove sanctions in
Renault-Nissan has no present strategies to introduce an additional bonus plan for executives at the carmaking alliance, CEO Carlos Ghosn stated on Thursday. Ghosn made the remarks at Renault’s yearly shareholder meeting after Reuters reported that alliance bankers had prepared plans created to channel millions of euros in additional, concealed bonuses to Ghosn and other
Renault-Nissan alliance bankers have prepared strategies created to channel millions of euros in additional, undisclosed rewards to CEO Carlos Ghosn and other officials by means of a specifically created service company, as per the documents seen by Reuters. Under the initial proposal, Renault, Nissan and Mitsubishi would pay the Dutch-registered company a share of new
Renault-Nissan is preparing strategies to develop a 100 megawatt power storage plant in Europe, sources informed Reuters, intending to provide electric car batteries a second life in a task that could ultimately take on energy companies. Like competitor Tesla’s energy storage business, the Renault-Nissan relocation highlights its desire to cultivate a second-hand battery market while
Renault-Nissan CEO Carlos Ghosn is recruiting a new operational second-in-command for the automaking alliance, company sources informed Reuters, in a move created to prepare his own succession and advance the companies’ combination. Under the strategy, the presently separate chief competitive officer (CCO) functions at Renault and Nissan would be merged into a single position at
Three shareholder activist groups asked the French market regulator to investigate Renault-Nissan CEO Carlos Ghosn’s possible conflicts of interest and possible breaches of governance by the carmaking alliance. Proxinvest, which advises financiers how to vote on corporate corporate problems, and U.S. activist CtW, put their case for a Renault-Nissan evaluation in a 24-page letter to
French automakers Renault and Peugeot have committed to increasing their orders from ailing components-maker GM&S Industry following the conversation of their CEOs with Economy Minister Bruno Le Maire, his ministry stated. The future of the business, which has 277 individuals in central France and is dealing with liquidation, was a top priority of President Emmanuel