Government, Business

Renault to Sell Russian Operations to Moscow

Moskvich cars Vintage Moskvich automobiles. Moscow's mayor says the city would bring back the Moskvich brand. (David Turnley/Corbis Historical/Getty Images via Bloomberg)

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, 2022
Government, Business, Equipment

Renault Has No Good Options as Other Automakers Turn on Russia

Renault signage Andrey Rudakov/Bloomberg News

After the invasion of Ukraine, international carmakers are winding down Russian operations in droves.

Stefan Nicola | Bloomberg News
March 3, 2022

Renault to Sell $1.4 Billion Daimler Stake

A Renault Kiger sports utility vehicle A Renault Kiger sports utility vehicle. (T. Narayan/Bloomberg News)

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, 2021
Business, Technology, Autonomous

Renault to Close Main China Business, Will Focus on Electrics

Renault display 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-Nissan Alliance Being Rebuilt After Carlos Ghosn Era

Renault SA Chairman Jean-Dominique Senard 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.

Tara Patel | Bloomberg News
January 16, 2020
Business, Technology, Fuel, Autonomous

Renault Joins Toyota, Mercedes With Hydrogen Van

Renault Kangoo 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.

Ania Nussbaum | Bloomberg News
October 23, 2019
Business, Logistics

Renault’s Senard Plays Down Potential for Nissan, Fiat Mergers

Renault 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.”

Ania Nussbaum | Bloomberg News
July 18, 2019
Business, Technology

Renault to Invest in Jiangling Electric Car in China

Renault 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

French Police Raid Renault Headquarters as Part of Ghosn Probe

Police car at Renault HQ 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

Nissan Approves New Board, Gives Renault Executives More Say

Nissan 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.

Ma Jie | Bloomberg News
June 25, 2019