Renault stated Tuesday that it would start building only electric vehicles for China’s passenger car market, moving away from conventional internal combustion engines and also its joint venture with Dongfeng. The strategy shift comes after years of declining sales in China, where Renault hoped its 50-50 venture with Dongfeng, declared in 2013 and focused on […]
Renault
All articles related to French automaker Renault.
Renault is looking for 4-5 billion euros in state-backed loans
Renault states it is seeking billions in state-backed loans, cancelling its dividend for last year and its chairman is taking a pay cut, as the French automaker tries to weather the coronavirus outbreak. Jean-Dominique Senard’s pay will be slashed by 25% for the second quarter of this year. But interviewed Friday on RTL radio, the chairman […]
French car registrations declined by 72% in March due to coronavirus
French car registrations dropped by over 72% in March because of the coronavirus outbreak and lockdown ordered by officials to fight the epidemic spread, France’s car industry association CCFA stated on Wednesday. Car registrations dropped by 73.43 percent last month at French automaker PSA which makes the Peugeot and Citroen brands. Car registrations at Renault dropped 71.60 […]
China and South Korea plants resumes operations, says Renault
French automaker Renault stated Monday it was restarting production at two factories in China and South Korea after they were closed as officials were trying to deal with the spread of the coronavirus. “All of the group’s factories are currently shut down, except for the factories in China and South Korea, which have restarted operations or are […]
Renault places most of Paris white collar staff on partial unemployment
Renault put majority of its white collar staff in the Ile-de-France region around Paris on partial unemployment on Monday because the lockdown imposed following the spread of the coronavirus outbreak has reduced activity. The company will use the scheme which the government has set up to battle the economic crisis caused by the virus. Under […]
Mitsubishi could take Renault stake in alliance reorganization
Mitsubishi Corp could possibly invest in Renault as part of scenarios being thought to reinforce an alliance between Renault, Nissan and Mitsubishi Motors, two sources knowledgeable with the issue said. French newspaper Les Echos reported previously on Thursday, mentioning an unnamed executive knowledgeable with the discussions and other unnamed sources, that Mitsubishi, a conglomerate with […]
Renault workers use 3D printers for making medical visors
Renault workers in Spain have started using 3D printers to manufacture visors for health workers from home, the French automaker, in a scheme that could be expanded to create other medical equipment elsewhere. The move, which echoes experiments under way at other automakers to discover ways to increase production of medical equipment up to and […]
Renault suspends production at joint facility of Renault-Nissan in Chennai, India
Renault India on Monday announced that they are temporarily suspending production at its alliance manufacturing facility in Chennai because of the spread of coronavirus. The French automaker did not mention the time period of suspension. “The health, safety and well-being of all Renault workers, dealers and other partners, their families and community at large is of […]
Renault, PSA can benefit from coronavirus measures, says French ministry
French automakers PSA and Renault are entitled to take advantage from all measures put in place to combat the economic impact of the coronavirus outbreak, France’s Finance Ministry informed Reuters on Wednesday. Renault chairman Jean-Dominique Senard and Finance Minister Bruno Le Maire have together evaluated the prospects of the auto industry and agreed to continue […]
Renault stops Spain operations following declaration of state of emergency
French automaker Renault stated on Tuesday that it was halting operations in Spain after the declaration of a state of emergency because of the spread of coronavirus outbreak. “Groupe Renault has decided to stop its industrial activity in Spain for the duration of the state of emergency,” Renault stated. “This decision was communicated yesterday to […]
Renault to halt production in France due to coronavirus
French automaker Renault stated on Monday it was stopping production at its industrial sites in France until further notice due to the coronavirus outbreak. Renault said the shutdown would affect 12 sites and 18,000 employees in the country. Coronavirus has so far infected more than 194,000 people and killed more than 7,800 people worldwide. In […]
Several Renault-Nissan plants in Spain halted due to coronavirus
Several Renault-Nissan plants in Spain have temporarily stopped production on Friday or were planning stoppages next week because of a lack of parts amid the coronavirus epidemic, company officials stated. Nissan’s two Barcelona plants stopped operations on Friday afternoon as a wheels provider was affected by a lockdown in the town of Odena nearby due […]
Nissan may withdraw venture fund with Renault in cost-cutting drive
Nissan Motor is likely to withdraw from a venture capital fund it operates with alliance partners Renault SA and Mitsubishi Motors, as part of the Japanese automaker’s drive to slash costs and save cash, two sources stated. Nissan will officially take a decision on whether to leave the fund, Alliance Ventures, by the end of […]
Renault to seek damages depending on Ghosn probe
Renault stated on Monday it had submitted a civil-party petition after French prosecutors last week started an official investigation into alleged misuse of funds at the French automaker. “Renault (…) will continue to fully cooperate with the judicial authorities”, the company stated in a short statement, adding it reserved the right for seeking “damages based […]
Bruno Le Maire warns Renault against job cuts, factory closures
French Finance Minister Bruno Le Maire warned French automaker Renault on Tuesday against factory closures in France and cutting jobs there after the automaker announced “no taboos” cost slashes last week. Renault reported on Friday its first loss in a decade which resulted in a commitment to slash costs by 2 billion euros ($2.2 billion) […]
