Renault SA (RENA.PA)
25 May 2018
PARIS Renault and Nissan are reviewing the ownership structure of their carmaking alliance but are unlikely to merge into a single listed entity this year or next, Chief Executive Carlos Ghosn said on Wednesday.
PARIS, May 23 Renault and Nissan are reviewing the ownership structure of their carmaking alliance but are unlikely to merge into a single listed entity this year or next, Chief Executive Carlos Ghosn said on Wednesday.
TEL AVIV The Renault-Nissan-Mitsubishi alliance's new venture capital fund has agreed five investments in four months totaling $50 million and will present another to its supervisory board next week, the fund's head said.
President Donald Trump on May 8 pulled the United States out of an international nuclear deal with Iran, sealed in 2015, and said he will re-impose economic sanctions on Iran.
TOKYO Nissan Motor and its French automaking partner Renault SA are considering a range of options, including a more balanced equity structure, to ensure their alliance survives beyond its current leadership, the Japanese company said on Monday.
* Nissan eyes profit fall for 3rd year on yen, U.S. market (Adds denial of merger talks)
* CEO Saikawa: Alliance structure could take 'different shapes'
* Sees Asia helping it recover to levels before mileage scandal (Adds comment, details on Southeast Asia)
PARIS Renault's revenue rose by a smaller-than-expected 0.2 percent in the first quarter as the French carmaker suffered sales setbacks in India, China and South Korea, compounded by the effects of a stronger euro.
FRANKFURT Daimler said the strong euro would dampen revenue growth at Mercedes-Benz Cars this year, after currency effects and the absence of one-off gains pushed the group's first-quarter operating profit down 12 percent.