Renault, China’s Geely Sign $8.8 Billion Powertrain Tie-Up
France’s Renault SA has formally signed a joint venture agreement with China’s Zhejiang Geely Holding Group Co. to set up a new combustion engine and hybrid powertrain company.
Renault Seeks Bank Pitches for Listing EV Arm
Renault SA is inviting investment banks to pitch for a role on the planned initial public offering of its Ampere electric vehicle business, according to people familiar with the matter.
Renault in Talks With Volvo Trucks About FlexEVan Partnership
Renault SA is in discussions with truck maker Volvo AB to collaborate on the French carmaker’s new electric van project to take on rivals such as Stellantis NV, according to people familiar with the matter.
Renault Empowers CEO de Meo as Nissan Talks Drag On
Renault SA’s board named CEO Luca de Meo as a director and reappointed Chairman Jean-Dominique Senard for another four-year term, a sign of support for their plan to reshape the partnership with Nissan Motor Co.
Coke’s Electric Renault Trucks Debut Before Tesla’s Pepsi Semis
Renault Trucks has helped Coca-Cola beat Pepsi and Tesla Inc. to the punch on electric deliveries. Coca-Cola will start using battery trucks from the Volvo AB-owned brand for local trips in Belgium on Nov. 24.
Renault, China’s Geely Announce Powertrain Joint Venture
Renault SA and China’s Geely announced plans on Nov. 8 for a jointly owned venture to produce gasoline-powered and hybrid powertrains, adding to a series of partnerships between global automakers to share soaring technology costs.
November 8, 2022Renault to Sell Russian Operations to Moscow
Russia will take control of French car manufacturer Renault’s operations in the country and resurrect a Soviet-era auto brand, officials said May 16, marking the first major nationalization of a foreign business since the war in Ukraine began.
May 16, 2022Renault Has No Good Options as Other Automakers Turn on Russia
After the invasion of Ukraine, international carmakers are winding down Russian operations in droves.
Renault to Sell $1.4 Billion Daimler Stake
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 to Close Main China Business, Will Focus on Electrics
BEIJING — Renault SA said April 14 it will shut down its main China business and focus on electric and commercial vehicles.
April 14, 2020