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Top related persons:
Gonzalo Fuentes - 1 Ampere - 1 Luca de Meo's - 1 De Meo - 1 Thierry Pieton - 1 Gilles Guillaume - 1 Silvia Aloisi - 1 Kirsten Donovan - 1
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Search resuls for: "Gilles Guillaume Silvia Aloisi"


2 mentions found


☆ Renault sets out targets for EV unit, won't sell it cheap
  + stars: | 2023-11-15 | by ( Gilles Guillaume Silvia Aloisi | Gilles Guillaume | Silvia Aloisi | ) www.reuters.com   time to read: +2 min
The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. The group set out financial targets for the unit, including revenue of 25 billion euros in 2031, break-even in 2025 and an operating margin of at least 10% from 2030, ahead of an investor day in Paris. Sources close to the matter told Reuters last month the company was unlikely to go ahead with the IPO if the overall valuation for Ampere fell below 7 billion euros. We will reduce our costs to lower our prices, while improving our margins at the same time," finance chief Thierry Pieton said. ($1 = 0.9195 euros)Reporting by Gilles Guillaume, writing by Silvia Aloisi; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Gonzalo Fuentes, Ampere, Luca de Meo's, De Meo, Thierry Pieton, Gilles Guillaume, Silvia Aloisi, Kirsten Donovan Organizations: Renault, Viva Technology, Porte de, REUTERS, Ampere, Reuters, Twingo, Thomson Locations: Porte, Paris, France, PARIS, Europe
☆ Renault splits into 5 businesses in drive to boost profit
  + stars: | 2022-11-08 | by ( Gilles Guillaume Silvia Aloisi | Gilles Guillaume | Silvia Aloisi | ) www.reuters.com   time to read: +3 min
An early mover in the electric car race, Renault has fallen behind newer, more agile rivals like Tesla. But big question marks remain on its strained relationship with long-standing Japanese partner Nissan, as Renault looks for other outside investors for each of its divisions. Nissan (7201.T) is expected to take a stake in the EV venture, codenamed "Ampere", alongside other investors, though Renault will keep a majority stake. Renault CEO Luca De Meo said the group wanted to give the alliance a strong future and a "new chance". Aside from the Ampere EV unit and the combustion engine division, Renault will have an additional three businesses - the Alpine sports-car brand, financial services and new mobility and recycling activities.
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