By Dominique Patton (Reuters) -Shares in Renault plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure. The company said late on Tuesday that June sales volumes were weaker than expected and it was now aiming for…
By Dominique Patton PARIS (Reuters) -Renault named its finance chief Duncan Minto as interim CEO on Tuesday, and said it will step up cost cutting measures after cutting its forecast for full year operating margins following a worse than expected performance in June. Renault said it now aims to achieve a full year operating margin…
Sign up for CleanTechnica’s Weekly Substack for Zach and Scott’s in-depth analyses and high level summaries, sign up for our daily newsletter, and/or follow us on Google News! There are now millions of battery electric cars in the world. If utility companies were able to tap all the stored energy in all those batteries, there…
Dacia Spring Dacia Europe needs a cheap vehicle to fire-up the electric revolution and maybe the Dacia Spring is the one. The Spring, made in China for Renault’s value brand Dacia, starts at £14,995 ($19,100) after tax and is currently Europe’s cheapest EV. Sales of EVs in Europe have stalled and that is bad news…
France may not have a functioning government but the French keep buying EVs, anyway – more than 15% of all new cars sold last month were EVs with the new, retro-tastic Renault 5 hot hatch taking the top sales spot. The troubled French government finally collapsed this week following a historic no-confidence vote that saw Prime…
By: Bloomberg | Updated on: 25 Oct 2024, 10:38 AM Renault SA confirmed its full-year guidance as the French automaker expects to benefit from new models including the R5 electric car and updated Dacia … Renault SA confirmed its full-year guidance as the French automaker expects to benefit from new models including the R5 electric…
PARIS (Reuters) – French carmaker Renault reported an unexpected rise in quarterly revenues on Thursday, as strong demand for its pricier new models helped it offset lower total volumes. Revenues came in at 10.7 billion euros ($11.55 billion), up 1.8% from a year earlier and beating an analysts’ consensus forecast of 10.35 billion euros provided…
Hark, an email arrives from Renault’s UK spin doctor. I’d asked a simple question of Vittorio D’Arienzo, product head of Renault’s AmpR division responsible for the new R5, R4 and Twingo, plus other as yet unnamed small EVs. “Will you make the same mistake again and not make the Twingo in right-hand drive?” You’ll recall…