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Renault SA (RENA.PA)

RENA.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Renault SA to face French emissions commission on Monday - Les Echos - Reuters
Saturday, 16 Jan 2016 07:14am EST 

Renault SA:Officials from French carmaker Renault, whose offices were searched last week in a probe into vehicle emissions, will appear on Monday before a commission looking at whether carmakers have broken emissions rules, Les Echos newspaper reported on Saturday - RTRS.Energy Minister Segolene Royal said on Thursday there was no sign that Renault RENA.PA had fraudulently concealed emissions with defeat device computer programmes like those found in some Volkswagen diesel models - RTRS.However, preliminary results from tests ordered by Royal indicated that emissions from some Renaults, as well as some vehicles made by foreign manufacturers, exceeded limits. - RTRS.Les Echos said Renault would be expected to explain why emissions from some of its models exceeded the limits and how it would correct the problem - RTRS.  Full Article

Renault SA shares slide further despite emissions assurances - Reuters
Friday, 15 Jan 2016 06:11am EST 

Renault SA:French assurances failed to impress Renault investors on Friday over concerns the carmaker could be drawn into a damaging diesel emissions probe in Volkswagen's wake. - RTRS.Renault shares fell further even as officials reiterated it had not been caught cheating on engine emissions, a day after raids at three of the carmaker's facilities came to light. - RTRS.The assurances "alleviate some of our concerns that the use of defeat devices ..affects other automobile companies than Volkswagen," said Yasmina Serghini, Senior Credit Officer at debt rating agency Moody's. - RTRS.But the French investigation is ongoing, she cautioned in a note, and "other countries such as the UK have similar procedures in place, the results of which are still unknown". - RTRS.Renault shares, which tumbled 8.9 percent on Thursday, fell a further 3.4 percent to 75.13 euros, outpacing the European auto sector's .SXAP 3 percent slide amid investor wariness in the wake of the Volkswagen VOWG_p.DE scandal. - RTRS.Officials reiterated that no "defeat devices" had been found on Renault models tested in a French follow-up investigation, launched after VW admitted using such banned software to cheat on U.S. nitrogen oxide (NOx) emissions test - RTRS.The French probe has already found emissions from Renault diesels - and several other unnamed brands - in excess of statutory limits that had been met in European regulatory testing, widely acknowledged to be flawed - RTRS.  Full Article

Fraud investigators searches Renault sites
Wednesday, 13 Jan 2016 07:00pm EST 

Renault SA:Said fraud investigators had inspected three of its sites to look into its vehicle emissions technology.Said in a statement fraud investigators had "decided to conduct an additional investigation on parts and sites with the aim of definitively validating the initial analysis by the independent technical commission.".Aid investigations to date had found "no evidence of a defeat device equipping Renault vehicles", in a reference to a type of software program Volkswagen was found to have used by U.S. investigators to cheat emissions tests.  Full Article

Renault SA - Heavy rains batter auto production in India's Detroit - Reuters
Tuesday, 1 Dec 2015 03:21pm EST 

Renault SA:Heavy rains in India's southern Tamil Nadu state have battered one of the largest auto manufacturing hubs and forced plants to shut for the second time in less than a month, crippling production and deliveries from the region - RTRS.Ford, Daimler and Nissan were among the automakers who told employees to stay home on Wednesday, as the heaviest rainfall in a century made it impossible to cross low-lying areas around the main city of Chennai - RTRS."Everyone is at home. Yesterday, workers were sent home after a half day, and today we are shut. Tomorrow too, probably," said an official at Daimler India, which produces commercial vehicles outside Chennai - RTRS.Ford said it had also shut its plant, with an annual capacity of 340,000 engines and 200,000 vehicles - RTRS."For the safety of our employees, we have halted production at our Chennai assembly and engine plants on Wednesday," a spokesman said - RTRS.The area outside Chennai is known as "India's Detroit for its concentration of automakers. Others in the rain-lashed area include Renault-Nissan 7201.T, Hyundai Motor Co and motorcycle maker TVS Motor TVSM.NS, whose shares were down almost 4 percent on Wednesday - RTRS.A Renault-Nissan India spokesman said the automaker would be cancelling shifts, but aimed to resume operations once conditions improved as there had been no damage to its plant -RTRS.Spokespeople for Daimler, Hyundai and TVS were not immediately reachable for comment - RTRS.  Full Article

Renault SA - Car emissions campaigners turn sights on Renault - Reuters
Tuesday, 24 Nov 2015 10:22am EST 

Renault SA:Renault's flagship Espace minivan released toxic diesel emissions 25 times over legal limits in a Swiss study, despite complying with EU tests carried out at unrealistically low engine temperatures, a German environmental group said on Tuesday - RTRS.The tests commissioned by the DUH group, which have not been independently verified, follows Volkswagen's admission that it used illegal "defeat devices" to cheat diesel emission regulations - RTRS.In a statement, Renault said it contested the findings of the DUH lobby group - RTRS.  Full Article

R&I affirms rating on Renault SA at "BBB+" and rating outlook stable
Thursday, 5 Nov 2015 01:00am EST 

Renault SA:Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Renault SA at "BBB+".The rating outlook is stable.  Full Article

Slovenian unit of Renault SA to cut 150 jobs - Reuters
Tuesday, 29 Sep 2015 08:00pm EDT 

Renault SA:Revoz, the Slovenian unit of Renault , expects to cut 150 jobs by the start of November due to lower than expected growth in demand, spokeswoman Nevenka Basek said - Reuters.Revoz, which makes Twingo and Smart Forfour models, at present employs about 2,400 people - Reuters.  Full Article

Renault says China port explosion to affect deliveries in August and September
Monday, 17 Aug 2015 05:03am EDT 

Renault SA:Says explosion in the Chinese port of Tianjin burned 1,500 imported cars.Consequently, the explosion will affect car deliveries in China in August and September.Regardless, the company maintains its forecast for China deliveries in 2015.  Full Article

Renault SA recalls 27,000 cars - Belfast Telegraph
Thursday, 25 Jun 2015 08:00pm EDT 

Renault SA:Says has recalled thousands of vehicles because of a problem with the braking system - Belfast Telegraph.Says owners of more than 27,000 Renault Capturs in the UK and Ireland have been urged to get their cars checked after it was found some wheel arch liners were wrongly positioned causing them to rub against the brake hose.  Full Article

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