|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||5.23 - 5.31|
|52-week range||4.44 - 8.47|
|Beta (5Y monthly)||1.90|
|PE ratio (TTM)||7.81|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||28 Apr 2020|
|1y target est||N/A|
PARIS (Reuters) -Carmaking partners Renault and Nissan face legal action in France from customers who have suffered problems with some engines made between 2012 and 2016. Christophe Lèguevaques, a lawyer for the MyLeo legal platform involved in the lawsuit, said the companies had just been notified of the group action representing some 1,100 people. He added his clients weren't currently seeking financial compensation but as a first step wanted to secure evidence for their claim the carmakers should have issued a recall when they discovered an issue with the 1.2 litre gasoline engine used in 400,000 vehicles in Europe between 2012 and 2016.
Vehicle sales in Russia drop to a historic low in May, with only 24,268 vehicles sold, marking a year-over-year drop of 83.5%. AEB expects vehicle sales in the country to shrink at least 50% in 2022.
Renault has received several partnership proposals for the combustion engine unit it plans to create alongside one dedicated to electric vehicles and software, two sources familiar with the matter said. Renault plans to separate its electric and conventional car businesses, creating two entities to manage the shift towards fossil-free vehicles. "The group has already received partnership demands" for its internal combustion engine unit, one of the sources said.