Renault's financial performance and growth prospects have deteriorated, with revenue and net income well below previous highs and R&D spending under pressure. Leadership changes, unwinding of the Nissan alliance, and intensifying Chinese competition threaten Renault's position as the last independent French mass-market automaker. Recent collaborations with Geely offer a potential safety net, bu...
China's Geely said on Friday it and its parent Geely Holding (GEELY.UL) would take a combined 26.4% stake in a joint venture controlled by its French partner Renault as the two seek to produce and sell cars jointly in Brazil.
With Chinese automakers pushing into Europe, Stellantis and Renault are lobbying for a new, less-regulated category of small cars with fewer safety features, making them cheaper to build.
Francois-Henri Pinault, the billionaire heir who has headed up the French fashion house Kering Group for the past 20 years, has picked the CEO of automaker Renault to be his successor. The stock market's reaction?
Luca de Meo's abrupt departure as Renault CEO has kicked off a search for his successor, with analysts mentioning longtime insider Denis Le Vot and Maxime Picat of rival Stellantis as suitable fits to continue the French automaker's turnaround.
Automaker Renault's CEO is widely tipped to be announced imminently as the new boss of luxury group Kering, owner of Gucci, as one of Italy's highest regraded business leaders aruably jumps from the frying pan into the fire.
News of Renault Chief Executive Luca de Meo's decision to leave the French carmaker and subsequent reports of him being lined up to take charge at luxury goods group Kering has created a stir across their respective sectors.
Renault's saviour has been asked to perform his magic in the fickle world of luxury fashion. Luca de Meo, credited with reviving the fortunes of the French carmaker, is set to become the next chief executive of Kering SA (EPA:KER), the group behind Gucci, Yves Saint Laurent and Balenciaga.
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