PARIS Renault's cost-cutting plan is on track and it should have positive cash flow from cars by the end of 2020, the French carmaker said on Friday, as sales recovered from a slump during the first wave of coronavirus lockdowns. | Video
PARIS PSA is ending the production of Peugeot and Citroën small city cars, three sources told Reuters, withdrawing from an increasingly unprofitable market as its starts a strategic review ahead of its planned merger with Fiat Chrysler .
PARIS, Sept 23 Renault's new Chief
Executive Luca de Meo is keen to develop a sportier "crossover"
model of the carmaker's popular Megane range, three sources
familiar with the plans said, as the loss-making firm aims to
roll out more profitable vehicles.
PARIS Renault may have to cut more costs than initially planned to get out of the red zone and its cash-flow projections are alarming, the French carmaker's new chief executive said in an internal memo seen by Reuters.
PARIS, Aug 13 French new car sales are set to be
higher in August than in the same month last year on the back of
a market rebound following the coronavirus pandemic, said two
sources close to French automakers.
PARIS Free2Move, the car rental and car-sharing business developed by French automaker PSA Group , now has the capacity to start to court new outside investors, its chief executive Brigitte Courtehoux said.
PARIS/TOKYO Record losses reported this week first by Nissan then its alliance partner Renault confirmed a harsh reality - automakers that already had weaknesses are having them mercilessly exposed by the COVID-19 epidemic.
PARIS French carmaker Renault said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan .