French carmaker Renault SA said it will invest 2 billion reais ($377.12 million) in Brazil for the production of a new sport utility vehicle (SUV) and a new 1.0 turbo engine, according to a company statement late on Thursday. Production of the new car had been announced in March, but the group was awaiting approval from its parent company for the new investment plan. “Latin America is of great importance to the Renault Group and we are investing to offer products in the countries of the continent in line with our global strategy,” said Jose Vicente de los Mozos, an executive vice president at Renault Group.
Press release July 1, 2022 Renault Group implements a liquidity and market surveillance contract for its ordinary shares Renault Group (ISIN code: FR0000131906) announces that it has implemented a liquidity and market surveillance contract with Exane BNP Paribas for a period of one year, with tacit renewal, starting on July 1st, 2022. This contract has been drawn up in accordance with the regulations in force, and in particular AMF Decision No. 2021-01 of June 22, 2021. The purpose of this contr
TOKYO (Reuters) -Nissan Motor Co Ltd on Thursday gave some details of its two-decade-old alliance agreement with top shareholder Renault SA for the first time, revealing the French automaker cannot unilaterally increase its stake beyond 44.4%. In an annual securities report, Nissan said Renault cannot raise its stake without Nissan's permission except in cases such as if another entity bids for the Japanese automaker. Renault's stake is around 43%.