RNO.PA - Renault SA

Paris - Paris Delayed price. Currency in EUR
17.96
+0.76 (+4.44%)
At close: 5:39PM CEST
Stock chart is not supported by your current browser
Previous close17.20
Open17.32
Bid0.00 x 0
Ask0.00 x 0
Day's range17.00 - 17.96
52-week range12.77 - 58.10
Volume2,874,860
Avg. volume2,813,716
Market cap5.207B
Beta (5Y monthly)1.68
PE ratio (TTM)N/A
EPS (TTM)-0.52
Earnings date14 Feb 2019 - 18 Feb 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend date30 Apr 2020
1y target est84.17
  • Nissan and Renault shelve merger plans to repair their alliance: sources
    Reuters

    Nissan and Renault shelve merger plans to repair their alliance: sources

    Nissan has long resisted Renault's proposals for a full-blown merger as executives felt the French carmaker was not paying its fair share for the engineering work it did in Japan, sowing discord that some feared could wreck the partnership. "After the rain, the earth hardens," said one senior Nissan source, citing a popular Japanese proverb that means relationships become stronger after a period of strife. All five sources within the alliance, which also includes Mitsubishi Motors Corp, declined to be named because they are not authorised to speak with media.

  • French carmaker Renault could close plants and cut jobs - union
    Reuters

    French carmaker Renault could close plants and cut jobs - union

    French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday. Renault has called for a meeting with unions on Thursday regarding its cost-saving plans, the representative said. "This is when the general management will formalise what it calls a 2 billion (euro) cost-cutting plan, in which further staff reductions and even site closures can be expected," CGT representative Fabien Gache said in a video posted online.

  • Milan-Area Has Zero New Deaths; U.S. Cases Up 1.3%: Virus Update
    Bloomberg

    Milan-Area Has Zero New Deaths; U.S. Cases Up 1.3%: Virus Update

    (Bloomberg) -- For the first time, the hardest-hit region in Italy -- the area around Milan -- reported zero new coronavirus deaths. U.S. cases increased 1.3% in the past 24 hours, less than the one-week daily average.Brazil’s chief justice is on leave after showing Covid-19 symptoms. South Africa is easing its lockdown as the president warns of a greater risk for a massive jump in new infections.Wyndham Hotels’ says five straight weeks of increasing demand has pushed occupancy to near 50%. Britain’s premier brushed aside calls to sack a top aide over a lockdown breach.Key Developments:Virus Tracker: Cases top 5.3 million; deaths over 343,000Australia tourism reels as leaders bicker over closed bordersNissan, Renault need alliance more than ever during pandemicThe worst may be coming for Japan’s Abe even as virus easesRepublicans risk political backlash in Trump’s haste to reopenMemorial Day partygoers shun social distancing in the OzarksLockdown strains another romance: California and Elon MuskSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus. For a look back at this week’s top stories from QuickTake, click here.Italy’s Hard-Hit Region Has Zero Deaths (4:15 p.m. NY)Italy’s hard-hit northern Lombardy region, center of the country’s outbreak, for the first time Sunday reported no fatalities, according to statistics from the regional government. New cases fell nationally.No hospitals or municipalities in the region, which includes Milan, reported fatalities for the 24-hour period, a first since the onset of the pandemic, the government said in a statement.Nationally, Italy reported 531 new cases, down from 669 a day earlier, and total infections of 229,858. Fatalities fell to 50 from 119 on Saturday. Total fatalities are now 32,785.U.S. Cases Up 1.3%, Below Week’s Average (4 p.m. NY)U.S. cases increased 1.3% from the same time Saturday to 1.63 million, according to data collected by Johns Hopkins University and Bloomberg News. The increase was below the average daily increase of 1.4% over the past week.Deaths inched up 1% to 97,424 from a day earlier. The U.S. has added fewer than 1,000 fatalities in the past two days, after four straight days of 1,200 or more. New York reported 1,589 new cases, for a total of 361,515, and 109 new deaths, for a total of 23,391, according to the health department.New Jersey registered 1,065 new cases, lifting the total to 154,154, with 52 new deaths for a total of 11,133.California reported 2,079 new cases, bringing the total to 92,710, and added 66 deaths, with the fatality count at 3,774.Pennsylvania had 730 new cases, for a total of 67,713, and 28 new deaths, for a total of 5,124, the health department said.Michigan had 314 new cases, for a total of 54,365, with five new deaths, raising the total to 5,223, the state said on its website.Florida registered 740 new cases, raising the total to 50,867, with four additional deaths, for a total of 2,237.Ghana to Further Ease Limits (3:30 p.m. NY)Ghana is preparing a roadmap for easing virus restrictions after the “grace of God” and health-system capability produced one of Africa’s lowest death rates, President Nana Akufo-Addo said.The west African nation recorded 6,683 cases and 32 deaths since the first infections were confirmed two months ago, he said. The plan will be released after consultations this week, he said in a speech in the capital, Accra, to mark the celebration of Eid-Al Fitr.Ghana lifted a three-week lockdown in its biggest cities last month, freeing citizens to return to work but maintained a ban on social gatherings and sports, and kept schools and drinking spots closed.Brazil Chief Judge on Covid Leave (3:15 p.m. NY)The chief justice of Brazil’s Supreme Court will stay on medical leave for seven days after showing some of the respiratory signs of Covid-19, according to the court’s press office.Dias Toffoli, 52, was hospitalized Saturday to remove an abscess and had no complications during surgery, though he showed signs that suggested the presence of the virus. On May 20, he tested negative.If his diagnosis is confirmed, Toffoli will be the latest official to get infected, following the Minister of the Institutional Security Office Augusto Heleno and Rio de Janeiro Governor Wilson Witzel.Cuomo: Normal Isn’t ‘Enough’ (2:20 p.m. NY)New York Governor Andrew Cuomo said returning to pre-outbreak activity levels will be inadequate and the state will need to rebuild better after experiencing the nation’s worst outbreak.“I don’t believe this economy just bounces back,” Cuomo said, citing many small businesses shutting permanently, corporations laying off employees, and people who won’t want to return to their workplaces. “I don’t believe it is going to be enough just to go back to where the economy was.”Cuomo, conducting his daily briefing at popular Jones Beach on Long Island that’s open at half capacity for Memorial Day weekend, said government will need to stimulate the economy by getting “some big projects going,” such as building a new airport.France ICU Cases Decline (1:30 p.m. NY)France reported 1,655 patients in intensive care with severe cases, down 10 from Saturday. Total cases rose by 115 to 219,437.Wyndham at 50% Capacity: CEO (2:05 p.m. NY)Wyndham Hotels & Resorts Inc.’s midscale hotels are at occupancy levels of about 50% after five straight weeks of rising demand, Chief Executive Officer Geoff Ballotti said, and the trend will continue.Hotel guests are asked to wear masks as they check in, Ballotti said on CBS’s “Face the Nation.” Wyndham has more than a dozen brands including Days Inn, Ramada, Super 8 and Howard Johnson.About 90% of Ballotti’s franchisees sought a U.S. Paycheck Protection Program loan, and he added that one was “about to sink with her three La Quinta hotels in Odessa, Texas, until that lifeline was thrown to her.” The U.S. emergency support is “incredibly helpful,” he said.South Africa to Ease Lockdown June 1 (1:30 p.m. NY)South Africa will allow most businesses to reopen next month even as coronavirus infections continue to mount heading into winter.The nation will drop its disease alert by one level June 1, allowing 8 million people to return to work, President Cyril Ramaphosa said in a televised speech. Africa’s most-industrialized economy went into lockdown on March 27.Under the new rules, limited alcohol sales for home use will be allowed to resume, while a night-time curfew and a restriction on when people can exercise will be dropped. Tobacco sales will remain banned because of the health risks. Restaurants, bars, sporting venues, places of worship and conference centers will remain shut.Greece to Reopen Schools June 1 (1:15 p.m. NY)Greece is reopening all schools as well as kindergartens on June 1, the government announced. Students in high schools have already returned to class.Greece also will reopen restaurants and cafes on Monday, a week earlier than initially planned, as cases have remained low since May 4 when the government started lifting restrictions. The country has 2,878 cases and 171 deaths, according to Johns Hopkins data.Iran Begins to Reopen Businesses (1:10 p.m. NY)Iran has recorded 7,417 deaths and 135,701 confirmed cases, Kianush Jahanpur, spokesman for Iran’s Health Ministry, said in an interview with state TV as the nation begins to reopen the economy.The head of a trades union association in Tehran said all businesses, including those deemed “high risk,” should reopen on Tuesday, the state-run Islamic Republic News Agency reported. Mosques and shrines are due to reopen on Monday, after the Muslim holiday of Eid.N.Y. Deaths Rise From Saturday (12:10 p.m. NY)New York reported 109 new deaths related to the coronavirus, Governor Andrew Cuomo reported on Sunday. The figure was up from the 84 reported on Saturday. Hospitalizations continued to fall.Cuomo also said professional sports leagues can begin training camps.Johnson Says U.K. Aide Acted With ‘Integrity’ (12:07 p.m. NY)U.K. Prime Minister Boris Johnson said some schools are ready to open on June 1 as the country prepares to move to its second phase of reopening. He gave his backing to adviser Dominic Cummings, whom he said acted with “integrity” in traveling during the lockdown to obtain childcare.The U.K. reported another 118 deaths on Sunday, bringing the total to 36,793. Cases rose by 2,409 to 259,559. Both increases are lower than those reported Saturday.Main Street Program Is Running (11:45 a.m. NY)Federal Reserve Bank of Boston President Eric Rosengren said he expects small and medium-sized companies to begin receiving money through the central bank’s Main Street Lending Program within two weeks.“This is a program that’s just starting up so we’re expecting to have the loan documents up this week,” Rosengren said on CBS’ “Face the Nation.” “Money will go out over the next two weeks.”The Boston Fed is running the Main Street program, part of the emergency lending effort by the U.S. central bank to keep credit flowing during the pandemic. It’s designed to provide up to $600 billion in credit to small and medium-sized U.S. companies.N.J. Working on Opening Churches (11:40 a.m. NY)New Jersey will issue guidelines on indoor activities “sooner than later,” Governor Phil Murphy said, with houses of worship that President Donald Trump wants opened at the top of the list.“I would hope we would get to houses of worship sooner than later,” Murphy said on CNN’s “State of the Union.” “But we want to make sure we do it right, responsibly, and that we don’t kill anybody by doing it too fast.”State residents have done an “extraordinary job” following guidelines for social distancing, he said, noting he will visit the Jersey Shore later Sunday to check conditions. “The weather has not cooperated,” he said. “It was miserable yesterday. It’s cold today.”Spain’s Cases Rise Slightly (11:30 a.m. NY)Spain’s new cases increased by 246 on Sunday, to a total of 235,772, according to daily data from the Health Ministry. A total of 70 people died in the past 24 hours, taking the toll to 28,752.Arkansas Managed Risk, Governor Says (10:30 a.m. NY)Arkansas avoided the state-at-home orders that shuttered many U.S. states and instead sought to “manage the risk” as you would in a car, Governor Asa Hutchinson said.“You can be in an automobile and it’s very risky, but you manage the risk by wearing a seat belt,” Hutchinson said on “Fox News Sunday.” “At first, everyone resisted wearing a seat belt and said, ‘well, that’s a matter of freedom.’ Well, it is, but it’s also a matter of safety. And so, we are managing the risk in Arkansas.”Hutchinson said Arkansas’s positivity rate -- reflecting the proportion of tests that confirm the virus -- is at 5%, which he said is below a 10% national goal.Fear of Virus to Weigh on Economy: Hassett (11 a.m. NY)American’s fear of contracting the virus and lack of a vaccine are likely to weigh on the economy into the fall, White House economic adviser Kevin Hassett said, though he suggested it will “skyrocket” in the third quarter after record losses in the second quarter, citing a Congressional Budget Office forecast.U.S. unemployment could peak at more than 20% in May and may still be in the double digits by the November presidential election, he said.Trump Completes Drug Program (10:45 a.m. NY)President Donald Trump said he has completed taking the anti malaria drug hydroxychloroquine for Covid-19, a treatment doctors have said shows little evidence of benefit.“I had two people in the White House that tested positive, I figured maybe it’s a good thing to take a program,” he said in a Sinclair Broadcast Group program aired Sunday. “We take a little bit of a period of time, I think it was two weeks, but hydroxy has had tremendous, if you look at it, tremendous, rave reviews.” Vice President Mike Pence’s press secretary, Katie Miller, tested positive for coronavirus on May 8.The Food and Drug Administration on April 24 cautioned against the use of the drug Covid-19 outside of a hospital setting or clinical trial, citing a risk of heart rhythm problems.Birx Says U.S. Sticks to Death Forecasts (10 a.m. NY)Deborah Birx, coordinator of the White House coronavirus task force, said the government is standing by forecasts offered in late March that U.S. deaths could exceed 200,000. More than 96,000 have died in the U.S. already.“I think when we had that first briefing we talked about 1.2 million to 2.4 million and 100,000 to 240,000 people succumbing to this incredibly aggressive virus,” Birx said on “Fox News Sunday.” “Those are the figures that we continue to stand by in this first wave.”U.S. mortality is less than the rate in Spain, Italy and the U.K., she said, without giving the details.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Renault must stop developing capacity abroad in exchange for state support - minister
    Reuters

    Renault must stop developing capacity abroad in exchange for state support - minister

    French Environment Minister Elisabeth Borne said on Sunday the French government wants Renault to stop developing production capacity abroad in exchange for state support. The government has promised the car maker a 5 billion euro (4.49 billion pounds) state-guaranteed loan to help it cope with the coronavirus crisis, although the finance minister has said the deal has not yet been signed yet as talks are ongoing about Renault's commitments to government requirements. Asked about French media reports about the possible announcement of a government support package for the automotive industry on Tuesday, Borne said the state will increase subsidies for electric cars and will provide incentives to help low-income people switch to newer, less polluting cars but she gave no details on the timing or budget.

  • France warns Renault could disappear; Nissan plans job cuts
    Reuters

    France warns Renault could disappear; Nissan plans job cuts

    Europe's car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn't get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe. Renault and Nissan have been in a carmaking alliance for the past two decades and are due to announce a strategy update next Wednesday. The plan was originally billed as a reset of their relationship, which was rocked by the November 2018 arrest in Japan of the alliance's architect and long-time boss Carlos Ghosn on charges of financial misconduct, which he denies.

  • 'I've not yet signed Renault loan', says French finance minister
    Reuters

    'I've not yet signed Renault loan', says French finance minister

    France's Finance Minister Bruno Le Maire said he has not signed off on a 5 billion euro ($5.47 billion) state-guaranteed loan to help Renault cope with the fallout from the coronavirus, and that discussions continued. Le Maire told newspaper Le Figaro that the government was seeking commitments from carmakers in three areas in return for help: electric vehicles; the fair treatment of sub-contractors; and that they base hi-tech activities in France. "Renault is fighting for its survival," Le Maire said in the interview published late on Thursday.

  • France wants Renault to maintain its French plants
    Reuters

    France wants Renault to maintain its French plants

    The French government will insist on preserving Renault production plants in France and wants it to remain the carmaker's global centre for engineering, research, innovation and development, Prime Minister Edouard Philippe said on Wednesday. At the end of May, Renault plans to outline 2 billion euros ($2.2 billion) of spending cuts over the next three years after booking its first loss in a decade last year. French financial daily Les Echos has reported that Renault is considering closing three of its French sites, including an assembly plant in Dieppe, and that it would stop making cars in Flins.

  • France's Renault reaches deal on 5 billion euro state-backed loan - sources
    Reuters

    France's Renault reaches deal on 5 billion euro state-backed loan - sources

    French carmaker Renault has sealed a deal with banks on a 5 billion-euro (4.46 billion pounds) state-guaranteed loan to help the company to cope with the coronavirus outbreak, two sources close to the matter told Reuters on Tuesday. The state-guaranteed loan, which Renault had been working on for about a month, should be submitted shortly to the board of directors, the sources said, before being approved formally by the economy ministry. A Renault spokesman was not available immediately for a comment.

  • Reuters - UK Focus

    France's Renault reaches deal on 5 bln eur state-backed loan-sources

    French carmaker Renault has sealed a deal with banks on a 5 billion-euro ($5.47 billion) state-guaranteed loan to help the company to cope with the coronavirus outbreak, two sources close to the matter told Reuters on Tuesday. The state-guaranteed loan, which Renault had been working on for about a month, should be submitted shortly to the board of directors, the sources said, before being approved formally by the economy ministry. A Renault spokesman was not available immediately for a comment.

  • Globe Newswire

    Groupe Renault : availability of sales figures for April 2020

    Communication about availability – Renault sales figures for April 2020Boulogne, May 19, 2020Renault announces that its sales figures report for April 2020 is now available on Renault website www.group.renault.com, tab Finance, in the ‘Regulated information’, ‘Monthly sales’. Attachment * Availability RENAULT Sales

  • Exclusive: Nissan's survival plan for Europe: SUVs and sharing with Renault
    Reuters

    Exclusive: Nissan's survival plan for Europe: SUVs and sharing with Renault

    It could also see the company's Barcelona factory in Spain close, putting around 3,000 jobs at risk, said the sources with knowledge of the plan, who declined to be named because they are not authorised to speak to the media. Central to the proposal is a new way of working with alliance partner Renault that would see the two companies divide up areas of responsibility, with one becoming the "leader" and the other the "follower" in each. Renault and Nissan have long struggled to achieved the full potential of their alliance, due in part to tensions over areas of control.

  • Reuters - UK Focus

    Nissan's survival plan for Europe: SUVs and sharing with Renault

    Nissan Motor Co is working on a plan to scale back its European business, focusing on sport utility and commercial vehicles as well as more effective sharing of products and investments with partner Renault, three sources told Reuters. It could also see the company's Barcelona factory in Spain close, putting around 3,000 jobs at risk, said the sources with knowledge of the plan, who declined to be named because they are not authorised to speak to the media. Central to the proposal is a new way of working with alliance partner Renault that would see the two companies divide up areas of responsibility, with one becoming the "leader" and the other the "follower" in each.

  • Exclusive: Nissan sees bigger role for U.S., China markets in global car sales - sources
    Reuters

    Exclusive: Nissan sees bigger role for U.S., China markets in global car sales - sources

    Nissan Motor Co expects equal contributions to global car sales from China, the United States and elsewhere in coming years as the struggling Japanese carmaker strategises to recover profitability, two people with knowledge of the issue said. Nissan aims to grow contributions from its biggest markets, China and the United States, to about a third each from just over a quarter now, while the share of other regions, including Brazil, Europe, Japan and Russia, will ease slightly to a third, from about 45% in total now, the sources said. The comments offer the first glimpse of how the automaker's global sales breakdown could look in its recovery strategy, set to be unveiled on May 28.

  • Exclusive: Renault to discontinue Espace model as carmaker cuts costs - sources
    Reuters

    Exclusive: Renault to discontinue Espace model as carmaker cuts costs - sources

    Renault is preparing to substantially reduce its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans, four sources in the industry and close to the French carmaker said. The company, shaken by the downfall of its once star CEO Carlos Ghosn and by setbacks in its main markets, is set to detail at the end of the month how it aims to cut costs by 2 billion euros ($2.16 billion) over the next three years. "The project is not yet completely set in stone but the Espace, the (compact minivan) Scenic and the large sedan Talisman should already be considered scrapped from the future product programme, it is practically a given that these models will stop," one of the sources told Reuters.

  • Globe Newswire

    GROUPE RENAULT: Information concerning the total number of voting rights and shares - April 30, 2020

    Information concerning the total number of voting rights and shares, provided pursuant to article L. 233-8 II of the Code de commerce (the French Commercial Code) and the Article 223-16 of the Règlement général de l’Autorité des marchés financiers (Regulation of the French stock market authority)                   Company name of the issuer:                      Renault SA 13/15 quai Alphonse Le Gallo 92100 Boulogne-Billancourt (ISIN code FR0000131906 – RNO)Date  Total number of issued shares    Total number of voting rights   April 30, 2020    295,722,284      Theoretical total number of voting rights(1): 402,465,285      Exercisable number of voting rights(2): 307,930,334   (1) Number calculated on the basis of all shares to which voting rights are attached, including shares for which voting rights cannot be exercised, according to Article 223-11 of the Règlement général de l’Autorité des marchés financiers.(2) Number of voting rights exercisable at general meetings is equal to the theoretical number of voting rights (total number of voting rights attached to the shares) less voting rights attached to shares for which voting rights cannot be exercised.Attachment * 4 - 30 April 2020 - information relating to voting rights

  • Renault suspends production in Normandy after a COVID-19 linked court order
    Reuters

    Renault suspends production in Normandy after a COVID-19 linked court order

    Renault has suspended production at one of its French factories, following a court order criticizing the way the carmaker told unions about its increased protective measures put in place to prevent the new coronavirus from spreading. Partial activity had resumed at the Normandy-based Sandouville plant at the end of last month after a six-week standstill due to the disease. "All activity in the site of Sandouville has stopped as of May 7 and this will last until further notice", a Renault spokeswoman told Reuters, confirming an earlier AFP report.

  • Breakout time behind plexiglass: Renault factory restarts in France
    Reuters

    Breakout time behind plexiglass: Renault factory restarts in France

    FLINS-SUR-SEINE, France (Reuters) - With temperature scanners on the door and tables partitioned by plexiglass shields in the breakout area, workers at one of Renault's French plants are adjusting to new routines as carmakers try to cope with the coronavirus crisis. Like peers across Europe, Renault is gradually ramping up production after stoppages linked to the outbreak, as governments begin to ease some lockdown rules. Inside the Flins factory northwest of Paris, where Renault makes its electric Zoe models and the Micra car for its partner Nissan, sanitary protocols now restrict even the way coffee breaks are held - in a glimpse of measures to expect in other industries as shutdowns are further lifted.

  • Coronavirus: UK car sales hit lowest level since 1946
    Yahoo Finance UK

    Coronavirus: UK car sales hit lowest level since 1946

    Only 4,321 new cars were registered last month as showrooms went into lockdown.

  • Renault puts historic Boulogne property up for sale: sources
    Reuters

    Renault puts historic Boulogne property up for sale: sources

    Renault PA has put one of its historic buildings up for sale in Boulogne-Billancourt, the birthplace of the carmaker, to cut costs, three sources close to the company told Reuters. The tenants have been told they can stay on after a new owner is found, the sources said. The French carmaker's plans to upgrade and expand its "Technocentre" in Guyancourt outside Paris, its largest research and development centre, could also be on put on hold, two of the sources said.

  • Renault puts historic Boulogne property up for sale - sources
    Reuters

    Renault puts historic Boulogne property up for sale - sources

    Renault PA has put one of its historic buildings up for sale in Boulogne-Billancourt, the birthplace of the carmaker, to cut costs, three sources close to the company told Reuters. The tenants have been told they can stay on after a new owner is found, the sources said. The French carmaker's plans to upgrade and expand its "Technocentre" in Guyancourt outside Paris, its largest research and development centre, could also be on put on hold, two of the sources said.

  • Globe Newswire

    Groupe Renault:COMMUNICATION OF BOARD OF DIRECTORS April 29th, 2020

    PRESS RELEASE            COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS * Appointment of Mr. Joji Tagawa as director proposed by Nissan * Holding of the Annual General Meeting of Shareholders on June 19, 2020 in closed session Boulogne-Billancourt, April 29, 2020 – Renault’s Board of Directors, meeting today under the chairmanship of Jean-Dominique Senard, has appointed Mr. Joji Tagawa as a director proposed by Nissan. He replaces Mr. Yasuhiro Yamauchi, who resigned on April 23, 2020, for the remainder of the latter's term of office, i.e. until the 2022 General Meeting. The General Meeting of Shareholders to be held on June 19, 2020 will be asked to ratify the appointment of Mr Joji Tagawa.Mr. Jean-Dominique Senard, Chairman of the Board of Directors, said: "On my own behalf and on behalf of the Board of Directors, I would like to thank Mr. Yasuhiro Yamauchi for his commitment and contribution to the work of the Board of Directors, both as a director representing Nissan and as a member of the Strategy Committee. I also welcome the arrival of Mr. Joji Tagawa to our Board to continue the good dynamics of the relations between the Alliance members.”The Board of Directors also took into account the state of health emergency related to the Covid-19 epidemic to decide, pursuant to the provisions of Order No. 2020-321 of 25 March 2020, that the General Meeting of Shareholders convened on Friday June 19, 2020 at 3 p.m. will be held without the physical presence of the shareholders and other persons entitled to attend.Details regarding the participation of shareholders in this General Meeting in closed session will be set out in the usual General Meeting documentation, which will be available on the Company's website. Shareholders are invited to regularly visit the section of this website dedicated to the General Meeting for up-to-date information on the conditions for holding the General Meeting and for exercising their rights.Mr Joji Tagawa’s biographyJoji Tagawa holds a degree in economics from Keio University in Japan. He joined Nissan Motor Co., Ltd. In 1983. He held various management positions in the finance division, global public relations and investor relations division. In April 2006, Joji Tagawa was appointed Operating Officer, in charge of the finance division and investor relations division. From April 2014, he was Corporate Vice President of Nissan Motor Co., Ltd., responsible for investor relations division and Mergers & Acquisitions Support Department. Then he has been appointed as Senior Vice President of Nissan Motor Co., Ltd. from December 2019.About Groupe RenaultGroupe Renault has manufactured cars since 1898. Today it is an international multi-brand group, selling close to 3.8 million vehicles in 134 countries in 2019, with 40 manufacturing sites, 12,800 points of sales and after-sales and employing more than 180,000 people. To address the major technological challenges of the future, while continuing to pursue its profitable growth strategy, Groupe Renault is focusing on international expansion. To this end, it is drawing on the synergies of its five brands (Renault, Dacia, Renault Samsung Motors, Alpine and LADA), electric vehicles, and its unique alliance with Nissan and Mitsubishi Motors. With a 100% Renault owned team committed to the Formula 1 World Championship since 2016, the brand is involved in motorsports, a real vector for innovation and awareness.Contact Astrid DE LATUDE Corporate Press Officer +33 (0)6 25 63 22 08 astrid.de-latude@renault.comAttachment * 20200429_CP Conseil d'administration Renault_VA (final version)

  • EU clears French five billion euro loan guarantee to Renault
    Reuters

    EU clears French five billion euro loan guarantee to Renault

    The European Commission approved on Wednesday a 5 billion euro(4.37 billion pounds)loan guarantee to carmaker Renault group to mitigate the impact of the coronavirus crisis. The Commission, which oversees competition policy in the European Union, has temporarily eased its rules to allow EU countries to support their economies that are set to go into recession as a result of lockdown measures. The Commission had already approved a general French guarantee scheme allowing 70% loan coverage in March.

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more