Edition:
United Kingdom

Gilles Guillaume

Abertis could exit French A65 motorway stake, Eiffage eyes stake: source

20 May 2019

PARIS Spain's Abertis is looking to sell minority stakes in some of its motorway units, including the 35 percent held by its wholly-owned French unit Sanef in Autoroute de Gascogne (A65), a source close to the matter told Reuters.

PSA revenue hit by overseas decline, Iran withdrawal

25 Apr 2019

PARIS Peugeot maker PSA Group reported a 1.1 percent decline in first-quarter revenue, as a sales decline outside Europe and currency challenges outweighed pricing improvements.

Renault scraps Ghosn's pension as scandal deepens

03 Apr 2019

PARIS Renault blocked former chief executive Carlos Ghosn's pension on Wednesday, as the French carmaker said an internal probe had identified "questionable and concealed practices" by the fallen auto industry hero.

Exclusive: Renault alerts prosecutors to Oman dealer payments under Ghosn

01 Apr 2019

PARIS Renault SA has alerted French prosecutors to payments made to a Renault-Nissan business partner in Oman under former Chief Executive Carlos Ghosn, three sources told Reuters.

EXCLUSIVE-Renault alerts prosecutors over Oman dealer payments under Ghosn

01 Apr 2019

PARIS, April 1 Renault has alerted French prosecutors after uncovering suspect payments to a Renault-Nissan business partner in Oman under former Chief Executive Carlos Ghosn, two sources told Reuters on Monday.

France, braced for activist raids, raises Valeo stake

29 Mar 2019

PARIS The French government has increased its stake in Valeo, an auto parts maker previously targeted by activist investors, as the company is buffeted by a downturn in the auto market and a cooling of expectations for self-driving cars.

Valeo investor Harris says 'fully supportive' of management

28 Mar 2019

PARIS, March 28 U.S. investor Harris Associates supports the management of auto parts maker Valeo, Chief Investment Officer David Herro said on Thursday, after the French government more than doubled its stake in the company to 5.12 percent.

Bpifrance says it has $2 billion to tackle activist funds targeting French firms

26 Mar 2019

PARIS French state-owned bank Bpifrance, a key investor in local firms, said on Tuesday it had almost 2 billion euros ($2.3 billion) to fend off potential activist funds' attacks on French companies deemed to be of strategic importance to the country.

Bpifrance says it has $2 bln to tackle activist funds targeting French firms

26 Mar 2019

PARIS, March 26 French state-owned bank Bpifrance, a key investor in local firms, said on Tuesday it had almost 2 billion euros ($2.3 billion) to fend off potential activist funds' attacks on French companies deemed to be of strategic importance to the country.

Duelling superminis distract from auto industry troubles

05 Mar 2019

GENEVA Two of Europe's best-selling cars, the Renault Clio and Peugeot 208, go head-to-head at the Geneva motor show on Tuesday, as the auto market they dominate faces transformative pressures on its future profits and jobs.

World News

Why U.S.-Iran tensions could quickly escalate into a crisis

Three years ago, when Iran's military captured 10 U.S. sailors after they mistakenly strayed into Iranian waters, U.S. Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif jumped on the phone in minutes and worked out the sailors' release in hours.