|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||7.23 - 7.28|
|52-week range||4.79 - 9.84|
|Beta (5Y monthly)||2.09|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||28 Apr 2020|
|1y target est||N/A|
AutoNation's (AN) deal to acquire Priority 1 is set to add $420 million in annualized revenues. Meanwhile, Magna (MGA) slashes 2021 revenues and EBIT margin forecast amid chip woes.
LONDON (Reuters) -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 the chip shortage in the fourth quarter was "still very poor because the information coming from suppliers is very unreliable." Delbos said the chip shortage should ease a little by the end of the year with the end of a COVID-19 lockdown in Malaysia, central to global chip supplies, but said it would remain constrained throughout much of 2022.
PRESS RELEASEOCTOBER 22, 2021 Third quarter 2021: priority given to value over volume optimized revenues in a context strongly marked by the semiconductor crisis Group revenues amounted to €9 billion for the quarter, down 13.4% (-14% at constant scope and exchange rates1) while global sales decreased by 22.3% to 599,027 vehicles.Renault Group is continuing its commercial policy initiated in the third quarter of 2020, which leads to an increase in the share of its sales on the most profitable cha