Renault PRO+ has improved the Master Z.E. range with a boosted gross vehicle weight bringing added capability and also a new chassis cab version giving customers an even greater possibility for converting the all-electric model. Earlier offered in only a 3.1-tonne derivative, the Master Z.E. is now available with a 3.5-tonne gross vehicle weight across […]
Renault
All articles related to French automaker Renault.
First half vehicle sales of Renault dropped 34.9 percent
French automaker Renault on Monday reported a 34.9% decline in worldwide vehicle sales in the first half of the year because of the impact of the coronavirus outbreak but said it had seen some indications of recovery in June. Sales of its ZOE electric model increase by almost 50%. Renault said the overall drop in […]
Carlos Ghosn says Renault and Nissan results are ‘pathetic’
Former Nissan Motor CEO Carlos Ghosn levied criticism at his former employers in an interview on Sunday, describing the Renault and Nissan results “pathetic”, driven as much by a lack of joint leadership instead of the COVID-19 pandemic. Ghosn, who has been the chairman of Mitsubishi Motors as well, was arrested in Japan in 2018 […]
Seven suspects in Ghosn’s escape stand trial in Turkey
Seven suspects went on trial in Turkey on Friday because of their alleged involvement in former Nissan Motor CEO Carlos Ghosn’s escape from Japan to Lebanon via Istanbul at the end of 2019. Ghosn was arrested in Japan in November 2018 and charged for underreporting his salary and using company funds for personal purposes. Ghosn […]
Renault sees June recovery in French car sales into third quarter
Renault expects a pick-up in the French automobile market in June, after the nation’s coronavirus lockdown was lifted, to carry out into the third quarter, the brand’s sales chief for France Ivan Segal stated on Wednesday. New car registrations in France were increasing 1.24% year-on-year in June, their first increase this year, and following a […]
Lawsuit alleges Nissan and Renault of defeat devices in petrol cars
Lawsuit claims about 1.4 million Nissan and Renault vehicles sold in the UK could be equipped with defeat devices. Vehicles include Nissan Qashqai, a petrol-powered version of one of the UK’s best-selling family cars. The law firm filing this case, Harcus Parker, claims that some cars produced up to 15 times higher the legal level […]
Renault’s incoming CEO Luca de Meo is ready for turnaroud challenge
Renault’s incoming Chief Executive Luca de Meo stated on Friday that he was confident that the French carmaker, which has just launched major cost cuts, could come up with a positive result for investors after a period of declining sales and margins. The former Volkswagen executive is set to take up the job on July […]
Renault to cut 1,500 engineering jobs in France
French automaker Renault plans to cut 1,500 engineering jobs in France, a trade union source informed Reuters on Tuesday. The engineering job cuts are part of cost savings plans that the automaker announced last month intending to find 2 billion euros ($2.27 billion) in savings over the next three years. Renault has made no comment […]
Nissan email trail supports claims of Carlos Ghosn about takedown
Former Nissan CEO Carlos Ghosn always said he was set up and now there’s some evidence to support the businessman’s claim. According to people knowledgeable with what happened and previously unreported internal correspondence, the campaign by top Nissan Motor executives to overthrow one of the most celebrated leaders in the automotive industry started nearly a […]
Renault’s relations with Nissan much improved, says Senard
French automaker Renault’s partnership with Japanese automaker Nissan Motor has entered an “incredibly positive” phase following episodes of strained relations in recent times, the Renault’s chairman Jean-Dominique Senard said on Thursday. “We’ve put the work in, we’re in an incredibly positive dynamic,” Senard informed a hearing in France’s lower house of parliament, after Renault and […]
Renault finalizes 5 billion euro state-backed loan
Renault finalized a 5 billion euro ($5.60 billion) loan on Wednesday from with the French government, boosting the automaker’s finances following the coronavirus crisis which has damaged the auto industry. Renault said that the credit facility carried a guarantee from the French state – which holds a 15% stake in Renault – of up to […]
Renault says they have no plans to close Maubeuge plant
French automaker Renault has no plans to shut down its Maubeuge plant in northern France, Chairman Jean-Dominique Senard stated on Sunday, two days after the automaker announced 15,000 job cuts worldwide as part of a major restructuring. The recovery plan, which would remove 4,600 jobs in France, aims to consolidate the Maubeuge site’s vehicle production […]
Renault to cut 15,000 jobs as a part of cost-cutting plan
French automaker Renault said Friday that it would cut almost 15,000 jobs, including 4,600 at its major French operations, as a part of a major restructuring as it seeks to steer out of a cash crunch caused by the ongoing coronavirus crisis. The company will target savings of over two billion euros ($2.2 billion) over […]
Renault will take 3.6 billion euro hit from Nissan losses
French automaker Renault said on Thursday that losses at its Japanese partner Nissan, in which holds a 43% stake, would drag on its on net revenues by 3.6 billion euro ($3.96 billion) in the first quarter. Renault, which posted its first net loss after 11 years in 2019, has like Nissan been having a hard […]
Renault loan still not signed, site closures must be last resort, says Le Maire
French Finance Minister Bruno Le Maire on Thursday stated that the government was yet to sign off on a planned 5 billion euro ($5.5 billion) loan for Renault. Le Maire added that the automaker’s site closures and job cuts could only ever be a last resort. “The closure of a site must only be a […]
