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Renault Expects Incoming CEO De Meo Would Present New Strategy By End Of Year
Renault Says Factory Restructuring In France Will Take Place Between 2022 And 2024
Renault Interim CEO Says French Aid Should Be In Place Shortly
Renault SA is a France based company primarily engaged in the manufacture of automobiles and the provision of related services. It is structured into two segments: the Automobile division, which handles the design, manufacture and marketing of passenger cars and light commercial vehicles, under Renault, Renault Samsung Motors and Dacia brands, and the Sales Financing division, which provides financial and commercial services related to the sales activities, and is comprised of RCI Banque and its subsidiaries. It operates worldwide via its subsidiaries and dependant companies, including Renault SAS, Dacia and Nissan Motor Co Ltd, among others. Renault SA operates in Europe, Russia, Asia, the United States, Australia and Africa. It operates through Mitsubishi Motors Corp and holds shares in the entity ara b.v. (alliance rostec auto b.v.) joint venture, majority shareholder in Avtovaz. The Company also partners with Brilliance.
Auto & Truck Manufacturers
13-15 quai Le Gallo
Chairman of the Board, Chairman of the Management Committee, Member of the Executive Committee
Interim Chief Executive Officer,Executive Vice President, Chief Financial Officer, Member of the Group Executive Committee
Jose-Vincente de los Mozos Obispo
Interim Deputy Chief Executive Officer, Executive Vice President Manufacturing and Supply Chain, Member of the Group Executive Committee and Management Committee
Executive Vice President, Chief Information & Transformation Officer, Member of the Group Executive Committee
Denis Le Vot
Executive Vice President Regions, Sales and Marketing, Member of the Group Executive Committee, Member of the Management Committee
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Renault <RENA.PA> has no plans to close its Maubeuge plant in northern France, Chairman Jean-Dominique Senard said on Sunday, two days after the carmaker announced 15,000 job cuts globally as part of a major restructuring.
Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.
Renault will stay in Formula One, interim Chief Executive Coltilde Delbos said on Friday after announcing the carmaker's restructuring measures including plans to cut 15,000 jobs worldwide.
French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France as it cuts some 15,000 jobs worldwide and tries to refocus to survive a slump in sales.
French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with faltering sales, a representative for the CFDT union said after meeting with the company.
French car maker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a turnaround plan to cope with slumping demand and excess costs, a representative for the CFDT union said after meeting with the company on Thursday.
French carmaker Renault <RENA.PA> said on Thursday that losses at its Japanese partner Nissan <4021.T>, in which it has a 43% stake, would drag on its on net earnings by 3.6 billion euro ($3.96 billion) in the first quarter.
French Finance Minister Bruno Le Maire on Thursday said that the government had yet to sign off on a planned 5 billion euro ($5.5 billion) loan for Renault <RENA.PA>, and that the carmaker's site closures and job cuts could only ever be a last resort.
Renault <RENA.PA>, Nissan Motor Co <7201.T> and Mitsubishi Motors Corp <7211.T> ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car production to save costs and salvage their troubled alliance.
The automaking alliance of Renault SA <RENA.PA>, Nissan Motor Co <7201.T> and Mitsubishi Motors Corp <7211.T> outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.
Renault SA <RENA.PA>, Nissan Motor Co <7201.T> and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.
Renault SA, Nissan Motor Co and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.
Renault <RENA.PA> Chairman Jean-Dominique Senard said on Wednesday that relations with the French government were fine, even as the state continues to haggle over finalising a 5 billion euros ($5.5 billion) loan for Renault.
Renault <RENA.PA> Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan <7201.T> and Mitsubishi <7211.T>.
Renault Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan and Mitsubishi .
Renault, Nissan Motor Co and Mitsubishi Motors Corp said on Wednesday that they aimed to produce nearly half of their car output under a new alliance scheme dividing up their production by 2025.
When Renault SA <RENA.PA>, Nissan Motor Co <7201.T> and Mitsubishi Motors Corp <7211.T> announced the last strategy plan for their Alliance in September 2017, the goal was to become the world's biggest automaker by 2022.
The Franco-Japanese automaking alliance of Renault SA <RENA.PA>, Nissan Motor Co <7201.T> and Mitsubishi Motors is banking on a new recovery plan, set to be announced later on Wednesday, to salvage profitability.
French carmaker Renault <RENA.PA> is about to announce plans to cut 5,000 jobs by 2024 in its drive to save 2 billion euros ($2.20 billion) in costs, according to a report published Tuesday by Le Figaro.
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