Renault SA plans to sell shares in Daimler AG worth about $1.4 billion (1.2 billion euros) to secure funds for its turnaround efforts after a record annual loss.
March 11, 2021Renault
Business
A Renault Kiger sports utility vehicle. (T. Narayan/Bloomberg News)
Renault to Sell $1.4 Billion Daimler Stake
A Renault Kiger sports utility vehicle. (T. Narayan/Bloomberg News)
Business, Technology, Autonomous
Renault display at a 2017 auto show in Shanghai. (Ng Han Guan /AP)
Renault to Close Main China Business, Will Focus on Electrics
Renault display at a 2017 auto show in Shanghai. (Ng Han Guan /AP)
BEIJING — Renault SA said April 14 it will shut down its main China business and focus on electric and commercial vehicles.
April 14, 2020
Business, Technology
Renault SA Chairman Jean-Dominique Senard by Francois Mori/Associated Press
Renault-Nissan Alliance Being Rebuilt After Carlos Ghosn Era
Renault SA Chairman Jean-Dominique Senard by Francois Mori/Associated Press
Renault SA Chairman Jean-Dominique Senard said the two-decade automotive partnership with Nissan Motor Co. has moved on from the Carlos Ghosn era, dismissing reports it’s in danger of collapse and signaling the “anguish” of last year is over.
January 16, 2020
Business, Technology, Fuel, Autonomous
Anthony Bernier/Renault
Renault Joins Toyota, Mercedes With Hydrogen Van
Anthony Bernier/Renault
Renault SA will offer its electric Kangoo van with added hydrogen fuel cells before the end of the year and roll out the technology to another model in 2020.
October 23, 2019
Business, Logistics
Renault SA Chairman Jean-Dominique Senard (Toru Hanai/Bloomberg News)
Renault’s Senard Plays Down Potential for Nissan, Fiat Mergers
Renault SA Chairman Jean-Dominique Senard (Toru Hanai/Bloomberg News)
Renault SA Chairman Jean-Dominique Senard appears to have put merger considerations on the backburner as longstanding partner Nissan Motor Co. needs time for a turnaround and a failed deal with rival Fiat Chrysler Automobiles NV remains “dead.”
July 18, 2019
Business, Technology
Andrey Rudakov/Bloomberg News
Renault to Invest in Jiangling Electric Car in China
Andrey Rudakov/Bloomberg News
Renault SA will invest 128.5 million euros ($144 million) for a 50% stake in a venture with Jiangling Motors Corp. to develop electric vehicles in China, part of a push by the French company to make further inroads into the world’s biggest car market.
July 17, 2019
Business
A police car at Renault headquarters at Boulogne-Billancourt on Jan. 6, 2016. (Christophe Morin/Bloomberg)
French Police Raid Renault Headquarters as Part of Ghosn Probe
A police car at Renault headquarters at Boulogne-Billancourt on Jan. 6, 2016. (Christophe Morin/Bloomberg)
French police raided Renault SA’s headquarters outside Paris on July 3 to gather evidence for an investigation related to spending by former Chairman Carlos Ghosn.
July 3, 2019
Business
Nissan CEO Hiroto Saikawa (Noriko Hayashi/Bloomberg News)
Nissan Approves New Board, Gives Renault Executives More Say
Nissan CEO Hiroto Saikawa (Noriko Hayashi/Bloomberg News)
Nissan Motor Co. shareholders voted in favor of a new board and director committees that are set to ease tensions with partner Renault SA as the companies chart a path forward for their two-decade-old alliance.
June 25, 2019
Business, Logistics
Andrey Rudakov/Bloomberg News
Renault Chairman Pledges to Restore ‘Damaged’ Nissan Partnership
Andrey Rudakov/Bloomberg News
Renault SA Chairman Jean-Dominique Senard promised to improve relations with partner Nissan Motor Co., telling shareholders at an annual meeting in Paris that broken trust between the companies is repairable.
June 12, 2019
Business, Logistics
Chris J. Ratcliffe/Bloomberg News
Renault’s Message to Nissan: Fiat Deal Is Good for All of Us
Chris J. Ratcliffe/Bloomberg News
Renault SA Chairman Jean-Dominique Senard arrived in Tokyo with a crucial mission: to sell the proposed merger between Fiat Chrysler Automobiles NV and Renault SA to longtime partner Nissan Motor Co.
May 29, 2019