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United Kingdom

Gilles Guillaume

France's Faurecia holds course in 'tougher than expected' auto market

9:47am BST

PARIS French auto parts maker Faurecia said it maintained first-half profitability despite a China-led decline in auto production, sending its shares sharply higher on Tuesday.

Faurecia to stick by 2019 goals despite China slide - CEO

10 Jul 2019

PARIS, July 10 French auto parts maker Faurecia is weathering the global auto market downturn and will reiterate its 2019 guidance later this month, Chief Executive Patrick Koller said.

Car parts group Valeo announces 500 million euros of orders for its 'Lidar' sensors

04 Jul 2019

PARIS French car parts company Valeo has won 500 million euros ($564 million) worth of orders for its 'Lidar' car sensor products, Valeo executive Marc Vrecko told Reuters in an interview, highlighting the potential growth of Lidar.

Car parts group Valeo announces 500 mln euros of orders for its 'Lidar' sensors

04 Jul 2019

PARIS, July 4 French car parts company Valeo has won 500 million euros ($564 million) worth of orders for its 'Lidar' car sensor products, Valeo executive Marc Vrecko told Reuters in an interview, highlighting the potential growth of Lidar.

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.

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