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Politicians and auto executives on both sides of the Atlantic are calling for more protectionist measures. After Tesla lost its crown to BYD as the world’s biggest E.V. Otherwise, the Tesla C.E.O. said, Chinese E.V. The continent’s auto sector employs 13 million people and generates 8 percent of the bloc’s G.D.P.

Persons: China Tesla, —, Warren Buffett, Tesla, Elon Musk, ” Luca de Meo, Vivienne Walt, DealBook, ”, June’s E.U Organizations: Renault Group’s, Airbus Locations: China, Europe, June’s

☆ Renault CEO: EV pricing is challenging, but industry must 'fight' for the technology
▼ + stars: | 2024-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRenault CEO: EV pricing is challenging, but industry must 'fight' for the technologyRenault Group CEO Luca de Meo speaks on the automaker's full-year results, its "prudent" guidance and the electric vehicle market.

Persons: Luca de Meo Organizations: Renault

☆ Renault had 'friendly' discussions with Chinese investment bank - spokesperson
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 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. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Oct 31 (Reuters) - French carmaker Renault (RENA.PA) had "friendly" discussions with Chinese investment bank CICC about potential cooperation, but nothing has been signed or decided so far, a company spokesperson said, confirming media reports. "A meeting took place between CICC and Renault Group for friendly discussions about China's market," a spokeswoman told Reuters. Chinese media outlet Cailianshe reported on Friday that Renault and CICC had reached a preliminary intention agreement to jointly invest to establish an investment fund to focus on the NEV industry chain, citing people familiar with the matter. Cailianshe added that Renault CEO Luca de Meo was in China for a week long visit.

Persons: Gonzalo Fuentes, carmaker, CICC, Luca de Meo, Gilles Guillaume, Brenda Goh, Roxanne Liu, Tassilo Hummel, Marine Strauss, Louise Heavens Organizations: Renault, Viva Technology, Porte de, REUTERS, Rights, carmaker Renault, Renault Group, Reuters, Thomson Locations: Porte, Paris, France, CICC, China, Shanghai, Beijing

☆ Netflix to launch first ever live sports event with ‘Netflix Cup’ golf tournament
▼ + stars: | 2023-10-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Drivers, equip your drivers – Netflix’s debut live sporting event is pitting the stars of the grid against the stars of the greens. Teeing off on November 14, “The Netflix Cup” will see four Formula One drivers and four PGA Tour players compete in a golf tournament streamed live from Wynn Golf Club near the Las Vegas strip. And Sainz is no stranger to competitive golf, having taken part in the celebrity All-Star event prior to the Ryder Cup in Rome, Italy, earlier this month. Brendan Moran/Sportsfile/Getty ImagesMcIlroy, Kelce, Joshua invest in AlpineThe reveal of the Netflix Cup coincided with the announcement that several high-profile athletes – including golfer Rory McIlroy – are set to invest in Alpine’s F1 team. Having been to Formula 1 races as a fan, I love the high-pressure environment of the paddock and I’ve seen firsthand how incredibly impressive the Alpine team is,” Liverpool and England star Alexander-Arnold said.

Persons: Rickie Fowler, Max Homa, Collin Morikawa, Justin Thomas, Ferrari’s Carlos Sainz, McLaren’s Lando Norris, Williams, Alex Albon, Pierre Gasly, ” Gabe Spitzer, Brooks, Bryson DeChambeau, Sainz, Novak Djokovic, Fowler, Thomas, Brendan Moran, Sportsfile, McIlroy, Kelce, Joshua, Rory McIlroy –, Northern Ireland’s McIlroy, Patrick Mahomes, Travis Kelce, Anthony Joshua, Trent, Alexander Arnold, Juan Mata, Roger Ehrenberg, ” McIlroy, Guglielmo Mangiapane, Reuters Kelce, Patrick, “, ”, Tyler, Alexander, Arnold, Ryan Reynolds, Rob McElhenney, Gasly, Esteban Ocon – Organizations: CNN — Drivers, Netflix, Wynn Golf, Las Vegas, Sports, Wynn, Ryder, Team USA, Alpine’s, Private, Otro Capital, Renault Group, Northern, Kansas City Chiefs, Capital, MLB’s Miami Marlins, MLS, Otro, Reuters, Alpine, England, Wrexham AFC’s Hollywood Locations: Vegas, Rome, Italy, Homa, Morikawa, Europe, Salt, Portuguese, Liverpool

☆ Szafnauer to exit misfiring Alpine, Fry joins Williams
▼ + stars: | 2023-07-28 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

SummaryCompanies Famin to replace Szafnauer as interim Alpine principalTop engineers Permane and Fry also leavingShakeup follows departure of Alpine CEO RossiFry moving to WilliamsSPA-FRANCORCHAMPS, Belgium, July 28 (Reuters) - Otmar Szafnauer will leave Renault-owned Alpine after Sunday's Belgian Grand Prix with Bruno Famin appointed interim principal on another day of upheaval that exposed rifts within the misfiring Formula One team. Alpine Academy director Julian Rouse was named as Permane's interim replacement while Matt Harman leads the technical team at Enstone. Rossi warned in May he would make changes if performances did not improve, and said the buck stopped with Szafnauer. Williams said Fry, who has had senior roles at both McLaren and Ferrari, will start work on Nov. 1. "His knowledge and experience will further strengthen the team's technical capabilities and pursuit of excellence as we build the next chapter of Williams," said principal James Vowles.

Persons: Szafnauer, Permane, Fry, Shakeup, Rossi Fry, Bruno Famin, Alan Permane, Pat Fry, Williams, Julian Rouse, Matt Harman, Aston Martin, Famin, Oscar Piastri, Fernando Alonso, Laurent Rossi, Rossi, it's, James Vowles, Pat, Alan Baldwin, Andrew Cawthorne, Christian Radnedge, Pritha Organizations: Alpine, SPA, Renault, Belgian, Prix, Alpine Academy, Aston, McLaren, Formula, Ferrari, Thomson Locations: Belgium

☆ Deal for Formula 1 Team Reflects Growing U.S. Interest in the Sport
▼ + stars: | 2023-06-26 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

They are buying a 24 percent stake in Alpine F1 Team owned by Renault Group. The investors are paying about 200 million euros ($218 million) for the stake, valuing the team at roughly $900 million. Formula 1 has jumped in popularity in the United States since its sale to Liberty Media in 2017. For Renault, the Alpine deal is aimed at raising the visibility of its Alpine electric vehicle line, as it pushes to have more than half its sales in E.V.s by 2030. In a news release, Renault’s chief executive, Luca de Meo, said the deal would increase the value of the Alpine F1 brand.

Persons: Ryan Reynolds, ”, Luca de Meo Organizations: RedBird Capital Partners, Otro, Alpine F1 Team, Renault Group, Liberty Media, Netflix, Renault, Alpine Locations: United States, Las Vegas, Miami, E.V.s

☆ Renault Korea to manufacture EVs in city of Busan: city government
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

SEOUL, June 22 (Reuters) - Renault Korea Motors plans to build infrastructure at its plant in the southeastern city of Busan to manufacture electric vehicles (EVs), the Busan city government said. The automaker aims to produce 200,000 EVs a year at its Busan facilities, a statement issued by the city cited Renault Group Executive Vice President Guido Haak as saying. It was not immediately clear how much Renault planned to invest to build the EV production facilities. Renault Korea did not have an immediate comment. The announcement comes after Hyundai Motor said in May it will invest around 2 trillion won ($1.54 billion) in Ulsan, South Korea, to build a designated EV factory.

Persons: Guido Haak, Haak, 1,294.7800, Heekyong Yang, Soo, hyang Choi, Ed Davies Organizations: Renault Korea Motors, Renault Group, Busan Mayor Park, Renault, Hyundai Motor, Thomson Locations: SEOUL, Busan, France, Renault Korea, Ulsan, South Korea

☆ Renault customers to lodge criminal complaint in France over faulty engines
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

PARIS, June 2 (Reuters) - Renault (RENA.PA) could face prosecution in France over faulty engines as a group of customers plans to lodge a criminal complaint against the carmaker next week, the group's lawyer said on Friday. The decision to file the complaint follows unsuccessful discussions between Renault and the plaintiffs over the faulty engines, he added. A Renault spokesperson said the company had been providing technical support and financial help to affected customers. "The Renault Group never stopped and continues reviewing demands that it is receiving," the spokesperson said. "Support demands that could not be addressed have all been carefully reviewed and an answer has been given," Renault said.

Persons: Christophe Leguevaques, Nissan, Renault, Nicolas Delame, Dominique Vidalon, Gilles Guillaume, Mark Potter Organizations: Renault, Reuters, Le Parisien, Renault Group, Nissan, Thomson Locations: France, Dacia, Nanterre, Europe

☆ Factbox: Renault, Nissan detail joint projects to revive alliance
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +3 min

LATIN AMERICAThe four projects to be considered in Latin America include:A new half-ton pick-up, developed by Renault Group and shared with Nissan in Argentina. Renault Group would produce the pick‑ups in Cordoba (Argentina) for both Renault and Nissan. In Mexico, Nissan would produce a new model for Renault Group, making it the first Renault vehicle to be produced there in 20 years. INDIAFor India and export, Renault Group and Nissan would collaborate on several new vehicle projects including new SUVs shared by both Renault Group and Nissan, and a New Nissan car derived from the Renault Triber. Electric vehicle (EV) charging infrastructure: Renault Group and Nissan are considering jointly deploying charging infrastructure in Europe at both Renault Group and Nissan dealerships.

☆ Nissan to buy up to 15% stake in Renault EV unit under reshaped alliance
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike BlakePARIS, Feb 6 (Reuters) - Nissan (7201.T) and Renault (RENA.PA) on Monday unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15% in Renault's electric vehicles unit Ampere. The alliance junior partner Mitsubishi Motors (7211.T) will also consider investing in Ampere, the companies said in a statement. Renault will transfer 28.4% of Nissan shares into a French trust, making the two more equal partners in the alliance. Sources close to the matter said the agreement aimed to make the alliance freer and more balanced for the next 15 years. When it does sell, "Nissan would benefit from a right of first offer, to its or the benefit of a designated third party."

☆ Qualcomm revenue falls 12%, guidance implies more pain this quarter
▼ + stars: | 2023-02-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Here's how the company did:Earnings: $2.37 per share, adjusted, vs. $2.34 per share as expected by analysts, according to Refinitiv. $2.37 per share, adjusted, vs. $2.34 per share as expected by analysts, according to Refinitiv. Revenue: $9.46 billion, vs. $9.60 billion as expected by analysts, according to Refinitiv. Qualcomm's overall revenue decreased 12% year over year in the quarter, which ended Dec. 25, according to a statement. In the quarter Qualcomm and Renault Group announced an extension of their collaboration and said Qualcomm would invest in Ampere, the automaker's electric and software company.

☆ Renault group sales fall 5.9% in 2022, Europe order book at record levels
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

PARIS, Jan 18 (Reuters) - Renault (RENA.PA) group sales in 2022 fell by 5.9% to 2,051,174 vehicles, marking a fourth consecutive annual decline after capacity constraints and supply chain snags, the company said on Wednesday. The group, which is in the middle of a turnaround, said its order book in Europe was at a record level of 3.5 months of sales. A day after publishing a 9.4% decline in 2022 sales for its flagship Renault brand, it said that had been partly offset by the performance of its low-cost brand Dacia, which posted a 6.8% increase in sales. It said on Tuesday that the Renault brand, which accounts for two-thirds of group sales, was the third European brand for electrified vehicle sales behind Toyota (7203.T) and Tesla (TSLA.O) with 228,000 units sold, an increase of 12% from 2021. But its executives have acknowledged that global price cuts announced recently by Tesla were an issue that Renault - like rivals - would have to contend with.

☆ Renault sales fall for 4th straight year
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

Its global market share was 4%, shrinking 0.5 percentage points from a year earlier. Out the 10 top markets, the Renault brand scored an increase in sales in only two - Turkey and Colombia. Sales fell 15% in its top market France, were stable in number 2 market Brazil and fell 25% in the third most important market, Germany. Including Russia, global sales declined by 15%. Fabrice Cambolive, Chief Operating Officer of the Renault brand, said he was optimistic things would improve this year as the company has a better portfolio and higher stocks.

☆ Carmaker Renault issues 210 bln yen bond
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +1 min

PARIS, Dec 22 (Reuters) - French carmaker Renault (RENA.PA) has issued a 210 billion yen ($1.6 billion) bond that will mature in December 2026 and carry a coupon of 2.80%, it said on Thursday, adding this highlighted its appeal to Japanese investors. "The final orderbook amounted to close to 300 billion yen, underlying the high confidence of Japanese retail investors in the Renault Group strategy as well as its ongoing transformation," Renault said. Earlier this month, Renault Chairman Jean-Dominique Senard, said he remained confident about the outcome of talks with its Japanese partner Nissan (7201.T). Renault wants Nissan to invest in a new electric-vehicle unit it plans to spin off as part of a major overhaul. Nissan wants Renault to sell some of its roughly 43% in the Japanese company to put the two carmakers on more equal footing, Reuters has previously reported.

☆ Renault wants to use water from depths of 4,000 meters to supply heat to an old production plant
▼ + stars: | 2022-11-25 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

The French automotive giant says it's targeting carbon neutrality in Europe by 2040 and globally by 2050. The Renault Group is working with French utility Engie on the development of a geothermal energy project at the automaker's Douai facility, with the collaboration set to last 15 years. The plan centers around taking hot water from a depth of 4,000 meters, or more than 13,100 feet. According to Renault, this water will be used to help meet the Douai site's "industrial and heating process needs from 2025." "In summer, when the need for heat is lower, geothermal energy could be used to produce carbon-free electricity," it added.

☆ Autos giant Renault is betting the market for gasoline cars will continue to grow
▼ + stars: | 2022-11-09 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

The tie-up with Geely comes as Renault fleshes out plans to establish an EV spin-off called Ampere. According to Renault, France-based Ampere "will develop, manufacture, and sell full EV passenger cars." This was because, Pieton argued, it created "a world-leading supplier of ICE and hybrid powertrains with around 19,000 employees in the world, covering 130 countries." "Manufacturers need to be flexible in their powertrain offerings according to market needs — which differ across the world." The U.K., for example, wants to stop the sale of new diesel and gasoline cars and vans by 2030.

☆ Renault raises planned operating margin goal, but Nissan deal elusive
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +1 min

PARIS, Nov 8(Reuters) - French car maker Renault (RENA.PA) said it aimed for an 8% operating margin by 2025 thanks to a plan to split its combustion engine activities from its electric vehicle business, though such a plan still needs the go-ahead from its alliance partner Nissan (7201.T). Renault, ahead of a long-waited investor presentation on Tuesday, set the 8% goal for 2025, with this then raising to more than 10% in 2030, from 5% expected this year. On one hand, it is aiming to revamp its alliance with Nissan and convince the Japanese automaker to invest in a new electric car unit called Ampere. But details have been sketchy so far, and Renault's statement on Tuesday morning only said discussions with Nissan were ongoing. Reporting by Gilles Guillaume; Writing by Silvia Aloisi; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Aly SongBEIJING/TOKYO, Nov 7 (Reuters) - Nissan Motor Co's (7201.T) concerns about technology transfers have complicated its partner Renault's (RENA.PA) plans to sell a large stake in its gasoline-engine business to China's Geely (0175.HK), three people familiar with the talks said. Nissan's concerns about technology rights have also been one reason why it has yet to reach a preliminary agreement to invest in Ampere. Renault has a 43% stake in Nissan while the Japanese automaker has a 15% non-voting stake in Renault. People with knowledge of the talks have said the two sides have been discussing a reduction in Renault's stake in Nissan, potentially to 15%. Uchida also said Nissan wanted to see a “fair treatment” of its interests in any new partnership Renault strikes with Geely.

☆ As carmakers unveil new EVs, France ups subsidies for poorer buyers
▼ + stars: | 2022-10-17 | by ( Gilles Guillaume | ) www.reuters.com time to read: +3 min

PARIS, Oct 17 (Reuters) - Renault (RENA.PA) and Stellantis (STLA.MI) unveiled new French-made electric vehicles (EVs) at the Paris Motor Show on Monday, as President Emmanuel Macron announced bigger subsidies for poorer families to buy EVs and pushed for more local production. Register now for FREE unlimited access to Reuters.com RegisterMost EVs are currently more expensive than fossil-fuel equivalents and are unaffordable for many. "We have an industrial strategy in place for people to buy more and more French (cars)," Macron told Les Echos. The electric versions of Stellantis' Peugeot 308 sedan and larger Peugeot 408 unveiled on Monday will be assembled in Mulhouse in eastern France. The Renault 4 will join the new electric Kangoo, produced in Maubeuge, and new Mégane manufactured in Douai, also in northern France.

☆ As Renault unveils new EV, France hikes subsidies for poorer buyers
▼ + stars: | 2022-10-17 | by ( Gilles Guillaume | ) www.reuters.com time to read: +3 min

A woman holds a cable to charge up a Renault Kangoo ZE electric utility vehicle at a Renault automobile dealership in Cagnes-Sur-Mer, France, October 22, 2020. REUTERS/Eric Gaillard/File PhotoPARIS, Oct 17 (Reuters) - Renault (RENA.PA) unveiled its new French-made electric Renault 4 at the Paris Motor Show on Monday, as President Emmanuel Macron announced bigger subsidies for poorer families to buy electric vehicles (EV) and pushed for more local production. He added a "social leasing" scheme helping low-income families access an EV for 100 euros per month would start in early 2024. "We have an industrial strategy in place for people to buy more and more French (cars)," Macron told Les Echos. Asked about boosting subsidies for European-made EVs, as the United States has done with its recently-passed Inflation Reduction Act, Macron told Les Echoes he had favoured this approach for years.

☆ EVs, hybrids to make up 40% of Renault brand 2022 Europe sales -exec
▼ + stars: | 2022-10-17 | by ( Gilles Guillaume | ) www.reuters.com time to read: +2 min

A woman holds a cable to charge up a Renault Kangoo ZE electric utility vehicle at a Renault automobile dealership in Cagnes-Sur-Mer, France, October 22, 2020. REUTERS/Eric Gaillard/File PhotoPARIS, Oct 17 (Reuters) - Fully electric and hybrid vehicles in 2022 have almost doubled as a percentage of the Renault (RENA.PA) brand's European sales over the last two years, an executive said ahead of the Paris Motor Show. In 2021, electrified models accounted for around a quarter of the Renault brand's European sales and around a third in the first half of 2022. It will unveil them at the Paris Motor Show. This year's Paris Motor Show is the first since 2018, when it attracted more than a million visitors.

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