French daily newspaper Le Figaro claimed to have some details of Renault’s new long-term plan, notably less ambitious than Commitment 2009 which was victim of the economic recession. According to Le Figaro, the plan will be in two steps – 2011 to 2013, and 2013 to 2016. The plan calls for an operating profit margin […]
Tag Archives | Renault
Renault Unveiling New Three Year Plan Early In 2011
Investors Will Be Hoping It Has More Success Than Commitment 2009 Renault investors are getting ready for the new three-year plan, due to be announced on February 10, 2011. They will be hoping that CEO Carlos Ghosn’s new long-term project has more success than the last one, which crashed and burned during the recession. That […]
Renault Pleases Investors with Volvo sale, Daimler Moves
Dacia Said To Be Building Profit From Bottom Of The Range Will Volvo Profits Free Up Funds To Buy GM Stake? You would expect Renault to be in the news as it exploited the spotlight at its home, Paris Car Show. But Renault has been capturing the attention of investors with action outside of the […]
Renault Reports Profit In First Half After Horrendous 2009
Renault Reports Profit In First Half After Horrendous 2009 Renault impressed with first half net income of €780 million in the first half, compared with a €2.73 billion loss in the same period of 2009, but again prospects for the rest of the year don’t inspire confidence. Commerzbank analyst Daniel Schwarz believes that more sales […]
Renault Loses €3 Billion, Won’t Attempt To Predict 2010
This Was To Be A Banner Year; Remember Commitment 2009? Investors Predict Steady Profit Progress Though The bad news is that Renault lost an eye-watering €3 billion in 2009, compared with a profit of €600 million the previous year, and claims to have little clue about what will happen in 2010. The good news is […]
Sarkozy’s Renault Clio Plan Enrages Media
After Much Posing, Renault Concedes Little; Investors Sanguine Insistence On Strategic Committee Involvement Might Mean Trouble French President Nicolas Sarkozy’s decision to flex his muscles with Renault had newspaper editorialists snorting with anger, but investors seemed to shrug their shoulders and concentrate on their forecasts, which seemed to agree that the company’s future was more […]
Renault Battery Vision Looks Like An Expensive Blind-Alley
Why Pursue Batteries When Plug-In Hybrid Makes Them Obsolete? Firms Which Rescue Stranded Motorists Will Be Big Winners Renault-Nissan CEO Carlos Ghosn’s startling claim that battery powered vehicles will win 10 per cent of global new car sales by 2020 still beggars belief. At the Frankfurt Car Show last month, Ghosn wasn’t talking about plug-in […]
Renault, Deeply In The Red, Starts To Turn Around
But Electric Gamble Overshadows More Prosaic Action Investors Embrace Idea Of Asset Sales Insurance Electric Market Share Of 10 Per cent By 2020 Looks Over-Ambitious Renault, despite losing a huge amount of money in the first half of 2009, is starting to please investors again, although some are feeling a bit queasy about CEO Carlos […]
Frankfurt Show Hype Will Soon Succumb To Market Reality
Crisis? What Crisis? One Million Fewer German Sales Might Qualify Renault Battery Gamble Likely To Stumble Over Cost, Practicalities Huge Electric, CO2 Investment Means Only The Strongest Survive Now that the Frankfurt Car Show has closed its doors for another two years and the German election is over, you can expect hyperbole to give way […]
Renault’s Horrific First Half Was A Swing Of €4 Billion Plus
Will it sell Volvo Truck stake, and part of its bank? Renault’s first half performance was horrendous, but things could get better in the second half. Renault lost €2.7 billion in the first half compared with a net profit of €1.5 billion in the same period of 2008 – that’s a swing of more than […]