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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 Says "Expresses Disappointment" Regarding FCA Offer Withdrawal
Thursday, 6 Jun 2019 

June 6 (Reuters) - RENAULT ::REG-GROUPE RENAULT : COMMUNICATION OF GROUPE RENAULT JUNE 6, 2019.GROUPE RENAULT EXPRESSES ITS DISAPPOINTMENT NOT TO HAVE OPPORTUNITY TO CONTINUE TO PURSUE PROPOSAL OF FCA (FIAT CHRYSLER AUTOMOBILES).WISH TO THANK FCA FOR THEIR EFFORTS AND RENAULT'S BOARD OF DIRECTORS FOR ITS CONTINUED CONFIDENCE.WE BELIEVE OFFER EMPHASISES ATTRACTIVESS OF RENAULT AND OF ALLIANCE.WE ARE GRATIFIED BY CONSTRUCTIVE APPROACH OF NISSAN.  Full Article

Fiat Chrysler Withdraws Merger Offer For Renault - WSJ
Wednesday, 5 Jun 2019 

June 5 (Reuters) - :FIAT CHRYSLER WITHDRAWS MERGER OFFER FOR RENAULT - WSJ.  Full Article

Nissan Cuts CEO Saikawa's Compensation For Current Fiscal Year
Friday, 31 May 2019 

May 31 (Reuters) - Nissan Motor Co Ltd <7201.T>::HAS DECIDED TO REDUCE COMPENSATION OF CEO SAIKAWA FOR FISCAL YEAR ENDING MARCH 2020.SAIKAWA'S COMPENSATION WILL BE SET AT HALF THE LEVEL OF FISCAL YEAR ENDED MARCH 2019.PAY CUT IS IN CONSIDERATION OF MATTERS RELATED TO MISCONDUCT LED BY FORMER CHAIRMAN GHOSN.SAIKAWA'S PAY FOR FISCAL YEAR ENDED MARCH 2019 HAD ALSO BEEN REDUCED FOR SAME REASON.  Full Article

France must not have more than 7.5% of FCA-Renault - League MP to paper
Monday, 27 May 2019 

May 27 (Reuters) - League Lawmaker and head of Lower House Budget Committee Claudio Borghi says in an interview with the Huffington Post published online::IT MUST BE CLEAR THAT FRANCE MUST NOT HAVE MORE THAN 7.5 PERCENT IN NEW GROUP IF FCA-RENAULT MERGER GOES THROUGH .  Full Article

Fiat Chrysler In Talks To Forge Extensive Ties With Renault - FT
Saturday, 25 May 2019 

May 25 (Reuters) - :FIAT CHRYSLER IN TALKS TO FORGE EXTENSIVE TIES WITH RENAULT - FT.  Full Article

Fiat: shareholders in Fiat and Renault to get equivalent equity stake in combined company
Friday, 24 May 2019 

May 27 (Reuters) - Fiat::* Under the terms of the proposal, shareholders in each company would receive an equivalent equity stake in the combined Fiat/Renault company..* Combination would be carried out as a merger transaction under a Dutch parent company.* Board of the combined entity would initially be composed of 11 members, with the majority being independent and with equal representation of four members each for both FCA and Groupe Renault, as well as one nominee from Nissan.* There would be no carryover of existing double voting.* Parent company would be listed on the Borsa Italiana (Milan), Euronext (Paris) and the New York Stock Exchange.* Before the transaction is closed, to mitigate the disparity in equity market values, FCA shareholders would also receive a dividend of €2.5 billion.* In addition, prior to closing, there would be a distribution of Comau’s shares to FCA’s shareholders or an incremental €250 million dividend if the Comau spin-off does not occur.  Full Article

Nissan Recognises 4.411 Billion Yen Of Expense In FY Ended March 2019 Related To Director Compensation Of Ex-Chairman Ghosn And Other Matters
Tuesday, 14 May 2019 

May 14 (Reuters) - Nissan Motor Co Ltd <7201.T>::HAVE RECOGNISED 4.411 BILLION YEN OF EXPENSE IN FY ENDED MARCH 2019 RELATED TO DIRECTOR COMPENSATION OF EX-CHAIRMAN GHOSN AND OTHER MATTERS.INVESTIGATION IS STILL ON-GOING AND FINAL AMOUNT MIGHT DIFFER FROM THE ESTIMATE BOOKED.  Full Article

Nissan's FY2018/19 Operating Profit Is Lowest Since FY Ended March 2010
Tuesday, 14 May 2019 

May 14 (Reuters) - Nissan Motor Co Ltd <7201.T>::FY2018/19 OPERATING PROFIT IS LOWEST SINCE FY ENDED MARCH 2010.FORECASTS LOWEST OPERATING PROFIT SINCE FY ENDED MARCH 2009 FOR CURRENT FISCAL YEAR.SEE FY2019/20 GLOBAL RETAIL SALES OF 5.54 MILLION VEHICLES VERSUS 5.52 MILLION VEHICLES LAST FY.SEE FY2019/20 N.AMERICA SALES OF 1.79 MILLION VEHICLES VERSUS 1.9 MILLION VEHICLES LAST FY.SEE FY2019/20 CHINA SALES OF 1.71 MILLION VEHICLES VERSUS 1.56 MILLION VEHICLES LAST FY.SEE FY2019/20 JAPAN SALES OF 610,000 VEHICLES VERSUS 596,000 VEHICLES LAST FY.SEE FY2019/20 EUROPE SALES OF 600,000 VEHICLES VERSUS 643,000 VEHICLES LAST FY.ASSUME AVERAGE US DOLLAR RATE OF 110.0 YEN IN FY2019/20 VERSUS 110.9 YEN LAST FY.ASSUME AVERAGE EURO RATE OF 129 YEN IN FY2019/20 VERSUS 128.4 YEN LAST FY.CHANGES FY2022/23 OPERATING MARGIN TARGET TO AROUND 6% FROM 8%.CHANGES FY2022/23 REVENUE TARGET TO 14.5 TRLN YEN FROM 16.5 TRLN YEN IN MIDTERM BUSINESS PLAN.FORECASTS CUT IN FULL-YEAR DIVIDEND TO 40 YEN PER SHARE IN CURRENT YEAR VERSUS FORECAST 57 YEN PER SHARE FOR YEAR ENDED MARCH.  Full Article

Nissan Corrects Ex-Chairman Ghosn's Total Compensation For Five Fiscal Years
Tuesday, 14 May 2019 

May 14 (Reuters) - Nissan Motor Co Ltd <7201.T>, in regulatory filing::CORRECTS EX-CHAIRMAN GHOSN'S TOTAL COMPENSATION FOR YEAR ENDED MARCH 2014 TO 2.313 BILLION YEN FROM 995 MILLION YEN IN SECURITIES FILING.CORRECTS GHOSN'S TOTAL COMPENSATION FOR YEAR ENDED MARCH 2015 TO 2.213 BILLION YEN FROM 1.035 BILLION YEN.CORRECTS GHOSN'S TOTAL COMPENSATION FOR YEAR ENDED MARCH 2016 TO 2.894 BILLION YEN FROM 1.071 BILLION YEN.CORRECTS GHOSN'S TOTAL COMPENSATION FOR YEAR ENDED MARCH 2017 TO 3.740 BILLION YEN FROM 1.098 BILLION YEN.CORRECTS GHOSN'S TOTAL COMPENSATION FOR YEAR ENDED MARCH 2018 TO 2.869 BILLION YEN FROM 735 MILLION YEN.  Full Article

Nissan CEO Saikawa Says Difference In Opinion With Renault Regarding Capital Participation
Tuesday, 14 May 2019 

May 14 (Reuters) - Nissan Motor Co Ltd <7201.T>::NISSAN CEO SAIKAWA: WOULD LIKE TO REESTABLISH RELATIONSHIP WITH RENAULT.NISSAN CEO SAIKAWA: NISSAN, RENAULT HAVE CONFIDENCE IN EACH OTHER.NISSAN CEO SAIKAWA: CAPITAL PARTICIPATION IS ONE OF THE SUBJECTS WE ARE DISCUSSING WITH RENAULT CHAIRMAN SENARD.NISSAN CEO SAIKAWA: THERE IS A DIFFERENCE IN OPINION BETWEEN NISSAN, RENAULT REGARDING CAPITAL PARTICIPATION; WE RECOGNISE THIS.NISSAN CEO SAIKAWA: WE ARE OPENLY DISCUSSING THIS DIFFERENCE IN OPINION.NISSAN CEO SAIKAWA: WHAT WE AGREE ON IS THAT THIS IS NOT THE RIGHT TIME TO BE DISCUSSING THIS SUBJECT, MUST PRIORITISE NISSAN'S RECOVERY.NISSAN CEO SAIKAWA: RENAULT'S SENARD SUPPORTS THIS VIEW.NISSAN CEO SAIKAWA: OUR PERFORMANCE HAS HIT ROCK BOTTOM; WOULD LIKE TO RETURN TO NISSAN'S ORIGINAL PERFORMANCE LEVEL IN 2-3 YRS.NISSAN CEO SAIKAWA: PLANS TO HAND OVER REIGNS AT COMPANY AT APPROPRIATE TIME, CAN'T SAY MORE ON THIS AT THE MOMENT.NISSAN CEO SAIKAWA: CAN'T COMMENT ON MEDIA REPORTS OF MERGER PROPOSAL.NISSAN CEO SAIKAWA: I HAVE BEEN NEGATIVE TO THE IDEA OF A FULL MERGER; THIS VIEW HASN'T CHANGED.NISSAN CEO SAIKAWA: RENAULT'S SENARD SEES MERGER AS THE DIRECTION FOR NISSAN AND RENAULT BUT SENARD IS OPEN TO DISCUSSING OTHER DIRECTIONS.NISSAN CEO SAIKAWA: OUTRIGHT INTEGRATION BETWEEN NISSAN AND RENAULT COULD UNDERMINE INTERNAL STRENGTHS OF EACH COMPANY.  Full Article

RPT-Wife of former Nissan boss Ghosn urges Trump to help her husband

LONDON, June 17 The wife of former Nissan Motor chairman Carlos Ghosn urged U.S. President Donald Trump to raise her husband's case with Japan's prime minister at a summit of world leaders later this month.