Russian authorities will decide how to use Renault’s plant in Moscow by the end of next week, the Ministry of Industry and Trade said on Thursday, after the carmaker announced it was suspending operations there. Renault, the biggest player in the Russian auto market, said on Wednesday it stopped production at the plant and would…
Russia Says It Will Decide on Future Use of Moscow’s Renault Plant Next Week
March 25, 2022
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French Automaker Renault Halts Moscow Operations, Downgrades Financial Outlook
French automaker Renault Group has announced it is suspending operations in Moscow as of March 23 amid Russia’s invasion of Ukraine. The company’s board of directors met earlier on March 23 and approved the decision to pull the plug on activities at its Russian manufacturing plant amid international pressure and the threat of a boycott. “Renault Group…
Renault Resumes Production at Moscow Plant
French carmaker Renault resumed production at its Moscow plant on Monday, a company spokesperson told Reuters. Renault suspended operations at its car assembly plant in Moscow in late February, saying at the time it was due to a “forced change in existing logistic routes.”
Renault Production May Get Affected by Supply Chain Issues in Russia
February 19, 2022
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French automaker Renault is concerned about the stability of its supply chains in Russia due to rising tensions between the country and Ukraine, which will have repercussions for the manufacturer’s production abilities if a conflict were to break out. Renault’s Russian business AvtoVaz, which makes the Lada brand of cars, sources 20 percent of components…
Renault CFO Delbos Steps Down to Steer Its Mobilize EV Brand
PARIS—Clotilde Delbos will step down as Renault’s chief finance officer, she told analysts on Friday, to focus on leading the group’s Mobilize unit. After six years as finance chief Delbos will be replaced by Thierry Pieton, her deputy, from March 1. “Clotilde Delbos will mainly focus on her role as CEO of the Mobilize brand…
Renault-Nissan to Do More Together in $26 Billion Electric Bet
TOKYO/PARIS—Renault and Nissan will work more closely together to make electric cars, they said on Thursday, as they detailed a $26 billion investment plan over the next five years to stay competitive in the switch to cleaner driving. The two-decade old alliance, which also includes Mitsubishi Motors, said it would increase the number of common…
Renault’s Higher-Value Brands Focus Pays Off in 2021
PARIS—A solid performance by Renault’s higher-value brands helped soften an overall drop in annual worldwide group sales at the French carmaker, as its focus on more profitable models pays off. Renault’s worldwide group sales fell for the third year in a row in 2021, due notably to problems with the supply of chips used in…
Renault Expects $1.1 Billion Revenue From New Recycling Business
FLINS, France—Renault said on Tuesday that its yet-to-launch recycling business could generate an extra one billion euros ($1.13 billion) in revenue by the end of the decade. “These activities will generate 200 million (euros) in turnover from 2025,” Renault Chief Executive Luca de Meo told reporters at a former car production plant in the town…
Chip Crunch to Cut Renault’s 2021 Output by 500,000 Cars
LONDON—Renault said on Friday it would cut output by 500,000 cars this year, more than double its previous forecast due to a crippling global semiconductor shortage, but maintained its profit outlook helped by higher car prices and cost cuts. During a presentation to analysts, Renault Chief Financial Officer Clotlide Delbos said the carmaker’s visibility on…
Renault Plans 2,000 Job Cuts in France as It Moves to Electric Cars
PARIS—French carmaker Renault said on Thursday it would cut up to 2,000 engineering and support jobs in France as it shifts into electric cars and hires in different positions. The loss-making group, which has already announced around 4,600 job cuts in the country as part of a broad restructuring, said in a statement it was…
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