Tag Archives: Groupe Renault

Groupe Renault, Its Works Council and Industrial Global Union Sign Global Quality of Work Life Agreement

The agreement, signed by the 10 trade union federations or unions represented in the Group Works Council, provides a basis for structuring social dialogue, both at Group and local level. It “encourages the launching of new initiatives, as well as finding relevant pragmatic solutions to improve employees’ life at work, through the negotiation of local agreements.” Continue reading

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FCA Balks at French Government In-Laws. Renault Marriage Off

However, Renault’s Board of Directors was unable to take a decision due to the request by the representatives of the French State to postpone the vote to a later Council. Continue reading

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Renault’s Board of Directors Continue FCA Merger Study

The proposed combination would create a global automaker, pre-eminent in terms of revenue, volumes, profitability and technology, benefiting the companies’ respective shareholders and stakeholders, according to FCA. Continue reading

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Renault’s Board of Directors to Study with FCA the Merger

“After careful review of the terms of FCA’s friendly proposal, the Board of Directors decided to study with interest the opportunity of such a business combination, comforting Groupe Renault’s manufacturing footprint and creating additional value for the Alliance,” Renault said in a carefully worded statement. Continue reading

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Groupe Renault Board Meeting Now on FCA Merger Bid

Based on FCA and Groupe Renault’s 2018 global sales, the combined company would be #4 in North America, #2 in EMEA and #1 in Latin America and would have the increased resources necessary to grow its footprint in the APAC region. On a simple aggregated basis of 2018 results, the combined company’s annual revenues would be nearly €170 billion with operating profit of more than €10 billion and net profit of more than €8 billion. Continue reading

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Renault, Klépierre Join on Shopping Center Mobility Services

Groupe Renault and Klépierre are also developing multi-use charging hubs for electric vehicles, dubbed “Charging Houses or Maisons de charge.” These stations will be installed by Groupe Renault in the car parks of shopping centers located in high population areas and will be used primarily by visitors during the day and residents at night and on weekends. Continue reading

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Renault Board Investigation Backs Ghosn. Governance Measures Stay in Place. Compensation Controversy Ongoing

Their preliminary conclusion is that the compensation of Carlos Ghosn, Chairman and Chief Executive Officer of Renault and the conditions under which such compensation was approved followed applicable law as well as the recommendations of the *AFEP-MEDEF. The Board of Directors decided to maintain the current governance measures established on November 20, 2018. Continue reading

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Group Renault Revenues of €11.5 billion in Q3 2018 or -6%

During Q3 2018, Group Renault revenues reached €11,484 million (-6.0%). At constant exchange rates, Group revenues decreased by -1.4%. Continue reading

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Alliance Ventures Invests in Coord, a US Mobility Data Platform

Application programming interface – API – is a set of tools for MAKING software from defined methods of communication between various components. A strong API makes it easier to develop computer instructions by providing separated pieces, which are then put together by the programmer. Continue reading

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Group Renault Sets Half-Year Sales Record – 1.88 Million

Group Renault registrations worldwide, including Lada, increased 10.4% in the first half of 2017, in a light-vehicle market that was only up 2.6%. Continue reading

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Renault Group Links with Computer Vision Firm Chronocam

In the latest development on the rapidly moving road to autonomous vehicles, Renault now has an agreement with Chronocam SA, a developer of vision sensors and “computer vision solutions.” Continue reading

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