Groupe Renault is a French multinational automobile manufacturer established in 1899. By 2017, the Renault–Nissan–Mitsubishi Alliance had become the world's biggest seller of light vehicles, bumping Volkswagen AG off the top spot. Renault markets its products under five marques: Renault Lada (Russia) Dacia Renault Samsung Motors (South Korea) Alpine Renault has a 43.4% controlling stake in Nissan of Japan, and a 1.55% stake in Daimler AG of Germany (since 2012, Renault manufactures engines for the Daimler's Mercedes A-Class and B-Class cars[15]). Renault also owns subsidiaries RCI Banque (automotive financing), Renault Retail Group (automotive distribution) and Motrio (automotive parts). Renault has various joint ventures, including Oyak-Renault (Turkey), Renault Pars (Iran). Together Renault and Nissan invested €4 billion (US$5.16 billion) in eight electric vehicles over three to four years beginning in 2011.[16] Since the launch of the Renault electric program, the Group has sold more than 273,000 electric vehicles worldwide through December 2019. Renault is known for its role in motor sport, particularly rallying, Formula 1 and Formula E. Sales per region in 2019 (source: www.marketscreener.com) EUR (in Million) Europe 22,935 41.3% France 13,581 24.5% Eurasia 7,421 13.4% Africa, Middle East, India & Asia Pacific 7,038 12.7% Americas 4,435 8% China 127.00 0.2% Since july 2020 Luca de Meo, who used to run competitor's Volkswagen's Seat brand, is the new CEO of Renault Groupe.
Renault Unveils Brand-Focused Revamp to Help Spur Turnaround Renault SA announced a new corporate structure pegged to four brands in the first attempt by Chief Executive Officer Luca de Meo to turn around the struggling automaker. Alongside Renault, Dacia and Alpine, a fourth business unit will be formed for new mobility, according to a statement Thursday. Top executives will run each operation, with de Meo heading up the flagship Renault marque. The CEO officially took the reins in July just before Renault reported a record 7.3 billion-euro ($8.6 billion) first-half loss due to the pandemic and mounting difficulties at its partner, Nissan Motor Co. The carmakers are regrouping from a two-decade era of aggressive expansion under their former leader Carlos Ghosn. His downfall and their subsequent downward spiral have put pressure on their global alliance, which also includes Mitsubishi Motors Corp. The Renault revamp reflects a switch from “a search for volume to a search for value and profitability,” de Meo said. The changes will “make it possible to work in a simpler way, more oriented to the markets and customers.”
Renault Managed To Beat Tesla In European Sales Electric vehicle sales accounted for 18 percent of the total auto sales in Europe in July. Tesla, Inc. (NASDAQ: TSLA) seems to be losing ground in Europe. Its sales cratered by 76 percent to just 1050 sales in July. Meanwhile, Renault SA (OTC: RNLSY) dominated Europe's July EV sales party.
Seems like Luca de Meo wants to develope the Alpine sports car brand renaming the F1 team with it. Curently Alpine has only one model, so increasing a little this branch could be a good profit booster and could help to improve the Renault Group image overall. Renault to be rebranded as Alpine for 2021 F1 season Following the appointment of new Renault Group CEO Luca de Meo earlier this year, the French marque has undergone a review of its various brands, including its Alpine arm. Renault officially announced on Sunday ahead of the Italian Grand Prix that its F1 operation would be known as Alpine F1 Team from the 2021. Alpine has a tradition in sports car racing, and has most recently been present in the FIA World Endurance Championship in the LMP2 class, revising chassis from Oreca for its Signatech Alpine. De Meo said in a press conference on Sunday that Renault wanted to put Alpine at the middle of the motorsport business. “We will use F1 as a platform to market a brand that we want to develop in the house. “Even if Renault is a glorious brand, the fit of Alpine in the F1 world will be even better.” Alpine rebranding not based on nostalgia, says Renault boss "Nostalgia is okay, but I think we need to look at the future. So we need to think in a different way, and use Alpine to build the future: not looking at 60 years ago or 50 years ago. "If there is a fit, if there is a business opportunity because that's what we're trying to do right now, then it is to kind of change a little bit the approach to the [Alpine] story." De Meo believes that the rebranding of the Renault F1 team will go far beyond just a change of name, as he thinks it will help lead the way for boosting the automotive business. "We want to see results sooner here [in F1], then what we will be able to see in the [Alpine] company," he said. "I think the Alpine spirit will give it let's say a boost. And I also know that even if Renault is a glorious brand, I think that the fit within the Formula 1 world of Alpine is even better. It can be even better. "I am a big believer that Formula 1 should be a championship of constructors with brands that make people dream, with the connection possibly between racing on Sunday and selling on Monday. "So with a connection that the customer can touch in the street: looking at Ferraris, Mercedes, and some glorious names like Williams. And Aston Martin next year It's good for the sport." Although Alpine currently produces just one road car model, de Meo wants to use the F1 platform as the centrepiece for a push to enhance and expand what the company can offer. He believes that any business boost as a result of the F1 rebrand will make it far more obvious exactly what contribution the grand prix efforts make to the Renault Group.
Uber electric cars in Europe will be from Renault and Nissan Uber allies with Renault and Nissan to electrify journeys in Europe Renault and Nissan, within their Alliance, have signed a Memorandum of Understanding (MoU) with Uber with the aim of electrifying its customers’ journeys in Europe
Nissan Will Provide Automated Driving Technology in All Future Models Japanese automaker Nissan (OTC:NSANY) announced on Thursday that it will include automated driving features in all of its future models, regardless of price. In an ambitious three-year plan, the company expects to roll out 20 new models by 2023, all of which will feature some level of automated driving capability. The move comes as competition heats up among automakers of all sizes to implement advanced technology like long-range batteries, automated driving, and heads-up displays.
Guys! There are cars and it's Renault, speaking of the classic. Renault is developing quite fast compared to previous years and increasingly tends towards a modern still. The engines are good, that's the most important thing.
The new CEO Luca De Meo is making a lot of changes since has arrive. He is improving not only Renault, but Dacia and Alpine too. This way they will be competing from the low cost models to the high class ones too. In january they will present his 8 years plan, which will be very interesting to know. Some recent news: Renault Aims to Turn $80,000 Sports-Car Line Into a Mini Ferrari Renault adds to electric car range with sportier model
Renault is leading the European EV market sales with 95,985 units sold year-to-date to end November 2020 Renault, leader of EV sales in Europe Renault ZOE, Kangoo Z.E. and the recently released Twingo Z.E. sell keep growing up and lets Renault as the TOP seller of EV cars in Europe. In markets like Germany has sold the double of EV cars in november in comparision with the competitors like Hyunday Kona or Tesla Model 3. To continue with this growing positioning, the Business version of Dacia Spring is waited to be available in February for carsharing fleets and the normal version in september, being the cheapest EV car in the market. Also, by the end of 2021 will be released the future leading EV car of Renault, the Renault Evision.
Renault tipped to revive classic 4 and 5 nameplates for new EVs Next 14/01 Renault will present their new strategic project, and looks like Luca De Meo wants to repeat the exit he had launching the new Fiat 500 with new Renault R4 and R5 electric versions. It seems he wants to reshape all of the current Renault models for the electric future. PD: @A55 Le Car is back
JPMorgan adds Renault to Focus List, raises price target to EUR 67 and reiterates an Overweight rating JPMorgan analyst Jose Asumendi added Renault (RNLSY) to the firm's European Analyst Focus List. Renault's "strong" cost cutting plans should dative 3.5% auto margins as well as turn net cash the latest by 2022, Asumendi tells investors in a research note. The analyst raised the firm's price target to EUR 67 from EUR 40 and reiterates an Overweight rating on the name
Renault and Plug Power to Develop Fuel-Cell Commercial Vehicles French carmaker Renault and U.S. hydrogen specialist Plug Power have joined forces to develop hydrogen-powered light commercial vehicles (LCV), they said on Tuesday. The companies have signed a memorandum of understanding to launch a France-based 50-50 joint venture by the end of June, targeting a more than 30% share of the fuel cell-powered LCV market in Europe, a joint statement said.
Today was presented the strategic plan: It streghts the focus on profitability rather than volumen, and a will to cut costs next years unifying and reducing platforms and models. Very interesting the future of Dacia-Lada and Alpine brands. Dacia will launch a C class model which is more profitable, and Lada will launch internationally, and not only in Russia, a new Lada Niva 4x4. This is the new Dacia Bigster concept: On the other hand, Alpine will focus on top class models, having a collaboration with Lotus on that. This is the future Renault 5, which will probably replace ZOE: Finally, they will focus in circular economy, spading life of vehicles, and in software production and data, through "Software République" in colaboration with partners like orange, atos or dassault aviation. They also anounced that new models, like next Renault Evision, will have google software and maps integrated in them. Renault CEO Lays Out Plan to Slowly Improve Profitability
Ex-Volkswagen Top Exec Soh Weiming Takes Up Reins at Renault China Soh Weiming, who was the force behind the establishment of Volkswagen in China, and the one responsible for transforming production capacity to electric cars in China too, has been appointed chief executive officer at Renault China. It seems, like Luka de Meo doesn't want to give up in China and will try to compee with future EV cars like Renault Megane Evision or maybe with Alpine cars that they will reveal later in the year.
Renault has new cash for a strategy that could make it an undervalued EV play, says UBS Renault announced on Friday that it had successfully sold its entire ownership stake in Mercedes-Benz-owner, reaping €1.14 billion ($1.4 billion) from nearly 16.5 million shares sold at €69.50 per share. The sale represents 1.54% of Daimler’s share capital sold at a near 4% discount, based on the stock price at the close on Thursday. UBS upgraded Renault from neutral to buy on March 2 and increased the 12-month target price on the stock from €22 to €54. Based on the share price on Friday, this means the stock has legs to climb nearly 37% higher, according to UBS. Should the stock market come to appreciate Renault’s EV strategy, UBS said, this could trigger a rerating of the stock from between double the current rating to six times the current rating, depending on the valuation metric used. The company has “all the tools to sell competitive EV products in a cost efficient manner,” the analysts said, with its design platform on par with market-leader Volkswagen’s. In addition, UBS said that a key differentiator for Renault compared with other manufacturers is that the company is past its research and development peak, with a fully-dedicated EV platform already built.
De Meo: “Relaunch the Alpine with F1: it will be mini Ferrari and mini Tesla” F1 as an opportunity to relaunch the Alpine brand which, in its intentions, must become a mix “between a mini Ferrari and a mini Tesla”: from Spain, for a series of high-level meetings, Luca De Meo, president of Renault explains the present and future of the brand and the commitment to GPs “When I arrived they asked me to quit F1 because of our financial situation, but I told myself that I would not be the man who would have interrupted 44 years of history. F1 remains a formidable promotional flywheel, it is the tool that can give Alpine credibility as a sports manufacturer and an important platform for the development of the hybrid. The publicity that comes from the World Cup saves me millions of euros that I would not have had. The goal is not just to win, to get on the podium but to balance the budget from 2025. To make Alpine a profitable brand that also covers racing expenses ”.
T&E’s ranking of the readiness of 10 major OEMs in Europe to transition to electric by 2030, shows Renault in the TOP 3 https://www.transportenvironment.or...european-carmakers-track-electrify-time-study
