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French automaker Renault will unveil an eight-year plan by 2020 as the group contends with a demand decline exacerbated by the coronavirus crisis, Chief Executive Luca de Meo said in
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French automaker Renault has drawn down part of a 5 billion-euro ($5.86 billion) loan guaranteed by the French government, put in place earlier this year to increase its finances during
The four major unions representing workers at Renault are opposed to its cost-cutting plans, union sources said, adding to the French automaker’s restructuring troubles. Loss-making Renault, which is 15% owned
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
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
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
French automaker Renault has reached a deal with banks on a 5 billion-euro ($5.47 billion) state-guaranteed loan to help the automaker deal with the coronavirus outbreak, two sources knowledgeable about
The European Commission approved a 5 billion euro ($5.4 billion) loan guarantee on Wednesday to French automaker Renault group to reduce the impact of the coronavirus crisis. The Commission, which
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
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.
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