Renault SA

A Renault Scenic electric vehicle (EV) at the Munich Motor Show (IAA) in Munich, Germany, on Tuesday, Sept. 5, 2023.Bloomberg | Getty ImagesShares of French car maker Renault jumped 5% in early deals on Tuesday, after the company canceled plans to publicly list its new electric vehicle and software business.Renault said Monday that it would no longer hold an initial public offering of its Ampere unit, which chief executive Luca de Meo had previously positioned as a 10 billion euro ($10.8 billion) rival to Tesla and…

Nissan CEO Makoto Uchida said the Japanese carmaker needs to bring new vehicles to the increasingly crowded Chinese market at speed. Speaking to CNBC's Tanvir Gill on Wednesday, Uchida said the company would target current Nissan customers with the "timely introduction of high-value product that are as competitive as fast-growing local brands, at attractive price."Earlier this year, Nissan announced a China-focused electric SUV, called the Arizon, and plans to launch other models as the company grapples with declining…

Renault CEO Luca de Meo on Thursday questioned the wisdom of price cuts rivals have been implementing in a bid to bolster market share for their electric vehicle fleets."We've seen competitors moving prices up and down, etcetera, etcetera this is their decision. But I don't think it's a very healthy practice in the long term," he told CNBC."As electric cars are ramping up in Europe, we need to have a healthy business, and so, in the case of Renault, the last thing I'm going to do is to compromise on the margins, you know,…

A Renault logo photographed in Bavaria, Germany. The French automotive giant says it's targeting carbon neutrality in Europe by 2040 and globally by 2050.Igor Golovniov/Sopa Images | Lightrocket | Getty ImagesThe Renault Group is working with French utility Engie on the development of a geothermal energy project at the automaker's Douai facility, with the collaboration set to last 15 years.In a statement, Renault said Thursday a subsidiary of Engie would start drilling work at Douai — which was established in 1970 and…

Renault sees the internal combustion engine continuing to play a crucial role in its business over the coming years, according to a top executive at the French automotive giant.  On Tuesday, it was announced that the Renault Group and Chinese firm Geely had signed a non-binding framework agreement to establish a company focused on the development, production and supply of "hybrid powertrains and highly efficient ICE powertrains."According to Renault, both itself and Geely will have a 50% stake in the business, which will…

Details of Renault's Scénic Vision concept car were presented to the public on May 19, 2022. The firm's idea of developing a passenger vehicle that uses hydrogen technology is not unique.Benjamin Girette | Bloomberg | Getty ImagesFrench automaker Renault is partnering with Google to develop its cars like a tech company makes software.The pact, which expands on a previous collaboration between the two firms, will see Renault commit to making what it calls a "software defined" vehicle using technology from Google's cloud…

Krisztian Bocsi | Bloomberg | Getty ImagesThe Port of Bremerhaven, the main roll on/roll off port in Germany and one of the largest automobile hubs in the world, is experiencing gridlock.The combination of the lack of drivers to move containers and cars out of the port and high volumes of regular trade is creating a pileup of vehicles on land and at sea from automakers including Tesla, Stellantis, BMW, Renault and Volvo.Logistics managers consulted by CNBC described the auto export delays as significant."These delays are…

Nissan Motor Co's talks with Renault SA on revamping their alliance are focused on strengthening competitiveness as equal partners and getting the most from their investment in electric cars, the Japanese automaker's CEO said. The negotiations with Renault, Nissan's top shareholder, have less than two weeks remaining to meet a Nov. 15 target the companies had set to reach a deal, according to people with knowledge of the talks. Nissan Chief Executive Makoto Uchida declined to comment on whether an agreement could be…

This image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Citroen is a brand of Stellantis, one of the world's biggest automakers.Benjamin Girette | Bloomberg | Getty ImagesStellantis is turning to Australia as it looks to procure the materials needed for its electric vehicle strategy in the years ahead.On Monday, the automaker said a non-binding memorandum of understanding related to the "future sale of quantities of battery grade nickel and cobalt sulphate products" had…

Renault has said that there will be no sudden let up in the supply chain shortages that have dogged the autos industry.Sameer Al-doumy | Afp | Getty ImagesRenault's CEO said Friday that there will be no sudden let up in the supply chain shortages that have dogged the autos industry, even as the carmaker dubbed its "emergency" period over.Luca de Meo told CNBC that that the sourcing of raw materials was likely to continue to be an issue for automakers, but added that the company was now better placed to handle such…