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Renault SA (RNLSY)

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6.66+0.12 (+1.83%)
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  • Reuters

    Renault to cut fewer jobs than initially planned by 2024

    French carmaker Renault said on Monday it had revised down its forecast for engineering and support jobs cuts in France between 2022 and 2024 to 1,700 from the 2,000 job losses previously expected. Renault, 15% owned by the French government, said in September it would start talks with unions on plans to cut up to 2,000 engineering and support jobs in France as it shifts into electric vehicles and hires for different posts. "Given the increase of the number of people departing the company on a voluntary basis ... there has been a readjustment of the 2022-2024 plan's targets", a Renault spokesperson told Reuters, confirming the 1,700 figure reported by Les Echos.

  • Reuters

    Renault expects $1.1 billion revenue from new recycling business

    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 of Flins, near Paris, which it is repurposing for the recycling and reconditioning of used vehicles and components. The reinvention of the site, which will continue to assemble the electric Zoe and Nissan Micra models for a few years, was one of the core elements of Renault's 2020 restructuring plan, with which the French carmaker aims to hike profitability.

  • Bloomberg

    Daimler Unwinds Renault Cross Holding With $362 Million Sale

    (Bloomberg) -- Daimler AG sold all of its stake in Renault SA, the next step in dissolving equity ties forged over a decade ago to cement a three-way partnership between the German carmaker, its French peer and Japan’s Nissan Motor Co. Most Read from BloombergWhy Hong Kong Is Building Apartments the Size of Parking SpacesFarmers Take on ‘Post-Apocalyptic’ Food CrisisGreece’s Popular Islands Are Crowded — With PlasticDo Prisons Deserve a Second Chance?The maker of Mercedes-Benz cars netted about