Hints and tips:
Related Special Reports
Related Topics
...The Renault boss made the call alongside a manifesto sent to European politicians....
...Renault, like rivals, will have to grapple this year with a sales slowdown of battery-powered models....
...Renault’s own cash generation has been stronger than expected, contributing to the decision, it added. Read more here...
...Shares in both groups rose on Thursday morning after Renault raised its dividend and Stellantis announced a €3bn share buyback....
...Ampere will be one of the drivers of Renault to be one of the champions of decarbonisation,” he said....
...Renault has said it wants to slash the cost of its electric cars over the next few years as it forecast sales of €10bn by 2025 for its new battery-powered vehicle unit Ampere....
...Perhaps Luca de Meo, Renault’s chief executive, quoted in your leader, together with his peers elsewhere in the European car industry, should follow suit if they truly view electric vehicles as the future...
...Their announcement follows VW’s confirmation this week that it was in talks with France’s Renault to pool resources to develop lower-cost EVs....
...Some analysts are still questioning the need to float Ampere, arguing that Renault had other ways to raise funds....
...The Renault 5 is the company’s first cheaper EV, but Renault is planning a cost reduction of up to 40 per cent in subsequent versions later this decade....
...Corporate updates: Renault chief executive Luca de Meo, with Volvo CEO Martin Lundstedt and CMA CGM head Rodolphe Saadé, are due to present details of their Flexis electric vehicle joint venture outside...
...Carmakers such as Renault and Stellantis have warned that a wave of cheaper Chinese models will undercut those produced by European companies....
...That uncertainty has also pushed Germany’s Volkswagen to hold talks with Renault to pool resources to develop lower cost EVs....
...Nissan, which has an alliance with France’s Renault and a partnership with Honda that was announced last week, has wrestled with flagging sales in China as the automotive industry struggles to build profitable...
...Renault’s worries are well founded: a quarter of EVs sold in the EU this year are expected to be made in China by brands such as BYD and MG....
...He added that Renault, listed in France, is only worth €11bn, roughly equal to the value of its Nissan stake and the value of its bank that finances car purchases....
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
...But given Renault does not need capital to fund its transition, it is right to hold on to Ampere for the time being....
...Chief executive Luca de Meo credited Renault’s “efforts to reduce costs” and a focus on value for its strong performance....
...Japan’s Nissan has finalised a long-delayed deal to rebalance its alliance with Renault, committing to invest up to €600mn in the French carmaker’s new electric vehicle division....
...French carmaker Renault confirmed last month that it was in talks with VW about co-developing lower-cost EVs....
...European stocks opened higher on Thursday as investors cheered robust corporate results and surprise dividend rises from companies including carmaker Renault and jet-engine producer Safran....
...French carmakers such as Stellantis and Renault, which do not have large businesses in China, have been vocal about the threat of Chinese electric vehicles....
...Its stock has risen almost 70 per cent in the past three years, outperforming rivals Renault, Volkswagen and BMW. It looks an unlikely market darling....
...Renault boss Luca De Meo has floated the idea of a collective European response to EVs, inspired by Airbus....
International Edition