RNLSY - Renault SA
| Previous close | 7.08 |
| Open | 7.11 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 6.94 - 7.11 |
| 52-week range | 4.45 - 9.36 |
| Volume | |
| Avg. volume | 19,900 |
| Market cap | 10.093B |
| Beta (5Y monthly) | 1.71 |
| PE ratio (TTM) | 5.25 |
| EPS (TTM) | 1.33 |
| Earnings date | N/A |
| Forward dividend & yield | 0.06 (0.78%) |
| Ex-dividend date | 15 May 2023 |
| 1y target est | N/A |
ReutersRenault wants to bring other strategic investors to Ampere and Alpine - CEO
Renault wants to attract further investors to its electric vehicle unit Ampere and premium sports brand Alpine, CEO Luca de Meo said on Thursday. With the auto industry looking beyond internal combustion engines and demand surging for car connectivity, both requiring massive investments, Renault is building technological and financial partnerships beyond its historic alliance with Nissan. "We are exploring the possibility of involving other strategic investors in Ampere beyond Qualcomm (Technologies)," Luca de Meo said at Renault's annual general meeting.
ReutersRenault chooses banks for planned listing of electric car unit Ampere - source
French carmaker Renault has picked BNP Paribas, Goldman Sachs and JPMorgan among the investment banks slated to work on the planned listing of its electric car business, Ampere, a source close to the matter said on Thursday. The three banks will act as joint global coordinators on the initial public offering (IPO) of Ampere, the source said. Citigroup, HSBC, Morgan Stanley, Natixis and Societe Generale will act as joint bookrunners, the source said, adding that Mediobanca will be the co-lead manager.
ReutersFrance's Renault plans no big price cuts despite Tesla challenge
PARIS (Reuters) -Renault does not plan to drastically cut prices on its electric vehicles, including the recently launched Megane E-Tech, and follow U.S. rival Tesla in what the French carmaker's finance chief on Thursday called a downward "spiral". Tesla late on Wednesday posted its lowest quarterly gross margin in two years, missing market estimates, after slashing prices aggressively in markets including the United States, China and Europe to spur demand and fend off rising competition. Tesla shares were down 6.6% in U.S. pre-market trade and fell 7% in Germany on Thursday, weighing on the sector and pushing Renault stock down by a similar amount amid fears of a looming price war.
The TelegraphElectric car price war looms as Renault plots reductions
Renault has admitted it may have to reduce the cost of its electric cars to “stay in the game” after Tesla triggered a price war in the sector.
ReutersRenault reviewing prices worldwide after Tesla cuts
PARIS (Reuters) -French carmaker Renault is reviewing its pricing policies for electric cars worldwide to ensure it stays competitive after a wave of price cuts by U.S. rival Tesla Inc, a top executive said on Monday. After slashing prices several times in the United States, Tesla on Friday cut prices in Europe- including on Renault's home turf of France - as well as Israel and Singapore, expanding a global discount drive it began in China in January. "We will analyse country by country, market by market, which level of competitiveness we need to have to stay in the game," Fabrice Cambolive, the chief executive of the Renault brand, told reporters on Monday.
ReutersExclusive-Nissan takes its own road, minus Renault, in seeking tech tie-up
(Reuters) -Nissan is developing growth plans in areas such as software and electric vehicles (EVs) independent of Renault SA as the automakers work to finalise terms of a sharply limited alliance, said seven people with knowledge of the matter. It is also working on an expanded strategy for all-battery and plug-in EVs for North American and Asian markets that will be for Nissan alone, they said. The revelations come as the alliance oversight board met this week to discuss a rebalance that will see Renault cut its stake in Nissan to 15% from 43% - matching the size of Nissan's stake in Renault - and Nissan gain reciprocal voting rights.
ReutersRenault plugs into premium EV battery deal with start-up Verkor
PARIS (Reuters) -Renault said on Thursday it had entered a long-term commercial partnership with French start-up Verkor to produce batteries for the carmaker's premium and Alpine electric models. The targeted capacity of 12 gigawatt hours (GWh), enough to power more than 100,000 vehicles, would make Renault the biggest client of Verkor's planned "gigafactory" in Dunkirk, which is aiming for a total capacity for batteries equivalent to 16 GWh. The move is part of Renault's efforts to secure crucial components and seize control of the value chain of its future unit Ampere, dedicated to electric vehicles and software which it plans to list on the stock market by the end of the year.
ReutersGeely to include eight Chinese powertrain plants in Renault JV -sources
Geely will include eight powertrain plants in China and one in Sweden in its future combustion engine joint venture with Renault and Saudi Aramco, two sources close to the matter said. Code-named "Horse" by Renault and "Rubik" by China's Geely, the JV was signed in November last year to develop more efficient gasoline engines and hybrid systems at a time when the auto industry is focused on the capital-intensive transition to battery electric vehicles. Renault and Geely want the JV to become a leading combustion engine and hybrid engine supplier for the car industry by the end of 2023, with a workforce of 19,000 and 15 billion euros ($16.3 billion) in annual revenue.
ReutersRenault in talks with Nissan on EV charging in Europe -Renault executive
French car maker Renault is in talks with Nissan about synergies in electric vehicle charging in 11 European countries, Renault's charging unit CEO told Reuters on Thursday. Talks have already moved forward in France on charging boxes that customers can have installed at home for their Nissan EV, which will be supplied by the Mobilize unit of its partner Renault. "We are in talks about the 11 countries where we are present ... it is up to Nissan to decide," Nicolas Schottey said at the Autonomy Mobility conference about new mobilities in Paris.
ReutersRenault restores dividends on improving outlook
BOULOGNE-BILLANCOURT, France (Reuters) - French carmaker Renault announced a dividend for the first time in four years, flagging improving margins and earnings as well as a full order book as its ongoing revamp starts to bear fruit. Though the company swung back to a loss with the hit from its withdrawal from Russia, the 2022 group operating margin doubled from the previous year to 5.6% as it focused on new launches, electric vehicles and fewer discounts. "We are out of the emergency room and back in the game, ready to fly and to race," Chief Executive Luca de Meo said on an analyst conference call after the carmaker reported full-year results.
ReutersNissan, Renault plan India reboot with $600 million investment in new models
NEW DELHI/TOKYO (Reuters) -Nissan Motor Co and Renault SA will invest $600 million to make six new models in India, one of three markets in which the two automakers plan to coordinate closely in a revamped alliance announced last week. The investment, planned over a period of three to five years, will fund the development of two electric models and four sport-utility vehicles (SUVs) for sale in India and abroad, Nissan's chief operating officer Ashwani Gupta told reporters in New Delhi. Nissan and Renault are making a renewed push into India, which has overtaken Japan to become the world's third-largest car market but where the pair lag the likes of Suzuki Motor and Hyundai Motor.
ReutersNissan's 2022 contribution to Renault results highest in four years
French carmaker Renault, which is revamping its 24-year old alliance with Nissan, said on Thursday the Japanese firm contributed 174 million euros ($187 million) to its own results in the fourth quarter. In 2018, Nissan contributed 1.5 billion euros to Renault's earnings, a watershed year for the alliance which was thrown into turmoil by the arrest of its architect and founder Carlos Ghosn amid accusations of financial wrongdoing. Nissan Motor Co earlier on Thursday posted a better-than-expected 155% jump in third-quarter operating profit, boosted by a weaker yen and cost management.
ReutersAnalysis-Renault cuts Nissan stake, shedding conglomerate discount may be tougher
Renault SA has taken big steps to simplify its complicated alliance with Japan's Nissan Motor Co, but still faces a tough road ahead to escape the conglomerate discount that has long dogged its shares. The retooled agreement, details of which were announced at a presentation in London on Monday, will see Nissan investing in a stake of up to 15% in Renault's new electric vehicle unit, Ampere. Renault, as previously announced, will cut its Nissan stake to 15% from around 43% now.
ReutersFrom boom to bottom and now big change: Renault and Nissan reshape alliance
French carmaker Renault and its Japanese partner Nissan announced a deal on Monday to redesign their decades-long alliance aimed at easing tensions between the partners and putting them on equal footing. The partnership, which has grown to include junior member Mitsubishi Motors, was founded in 1999 and long dominated by former Renault and Nissan top executive Carlos Ghosn. It gave Nissan a 15% stake in Renault, on a par with the French state, but no voting rights.
ReutersRenault CEO: new deal with Nissan enables french group to regain agility
A new deal to revive Renault's long-standing partnership with Nissan allows the French carmaker to regain some agility without losing the benefits of the alliance, Renault's CEO Luca de Meo said on Monday. The two car makers earlier gave details on the redesigned alliance, which will see Renault reduce its stake in Nissan Japanese partner to 15% from around 43% now. On Monday, Nissan committed to buying a stake of up to 15% in Renault's electric vehicles unit Ampere, which is due to be listed on the market.
ReutersRenault, Nissan to fill in the blanks on their rejiggered alliance
Nissan and Renault on Monday are set to unveil details of their redesigned alliance and answer questions about Renault's electric vehicle (EV) business and how it will sell off most of its stake in the Japanese carmaker. The two companies announced a sweeping remake of their two-decade-old automaking alliance last month, which should see the Japanese company invest in Renault's new EV unit Ampere. That announcement came after nearly four months of intense talks complicated by concerns about the sharing of intellectual property as Renault sought tie-ups with companies outside their alliance.
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ReutersNissan shares rise after overhaul of Renault alliance
TOKYO (Reuters) -Shares of Nissan Motor Corp rose in Tokyo on Tuesday, after the Japanese automaker and its French partner Renault SA announced a sweeping overhaul of their two-decade-old alliance putting them on equal footing. Under the deal announced on Monday, Nissan and Renault will now hold 15% stakes in each other, and Nissan will get voting rights with its stake. Previously, Renault held around 43% of the Japanese automaker and Nissan did not have voting rights.
Yahoo FinanceCadillac hybrid racing a ‘learning opportunity’ for road cars as EV gameplan unfolds
A new era of racing at the Rolex 24 at DAYTONA race this past weekend, with Acura, BMW, Cadillac, and Porsche all competing in a new hypercar category, known as the Grand Touring Prototype (GTP) class. Cadillac’s Global VP, Rory Harvey, is bullish on the new racing format, and the tech.
ReutersRenault cedes power at Nissan for uncertain benefits
PARIS (Reuters) -Renault and Nissan hailed a new deal announced on Monday as a major step in reviving their two decade alliance. The deal, months in the making and still subject to board approvals, will see Renault reduce its stake in Nissan to 15% from around 43%. For Nissan, the advantages are clear: the Japanese carmaker gets much freer rein to do what it wants, and it is no longer in an alliance of unequal partners as capital ownership is rebalanced.
- Investing.com
Renault shares dip after carmaker reduces stake in alliance partner Nissan
By Scott Kanowsky
ReutersNissan and Renault close in on overhaul of alliance
Nissan and Renault are closing in on a sweeping overhaul of their globe-spanning automaking alliance as top executives meet on Thursday for talks to reset the two-decade-old partnership and chart a course for an uncertain electric future. Leaders of Nissan Motor Co Ltd and Renault SA are meeting via video link for an alliance board meeting, sources previously told Reuters. Renault is looking for the Japanese automaker to invest in its new electric-vehicle business while Nissan wants Renault, its top shareholder, to sell down its roughly 43% stake and put the 23-year alliance on a more equal footing.
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