News | Latest Breaking News Stories & Headlines

a worker standing next to a red car in Renault factory

Renault posts first-half loss of €11.2 billion

Renault has today reported a first-half net loss attributable to the group of €11.19 billion today, including a one-off €9.3 billion from writing down its investment in partner Nissan flagged earlier this month.

Business • 31 Jul

Renault names Francois Provost as new CEO

Renault has named Francois Provost, its chief procurement officer, as CEO, opting for a little-known company insider to steer the French carmaker through growing competition and weak demand that triggered a profit warning earlier this month.

Business • 30 Jul

Renault Q2 sales volumes flat on drop in demand for vans

Renault has today reported zero growth in second-quarter sales volume, after a plunge in demand for vans in Europe offset growth in passenger cars.

Business • 23 Jul

Renault shares tumble 17% after guidance cut

Shares in Renault plunged as much as 18% today after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure.

Business • 16 Jul

Renault names Duncan Minto as interim CEO

Renault named Duncan Minto as interim CEO today to lead the French automaker while it searches for a permanent replacement for Luca de Meo.

Business • 15 Jul

Luca de Meo, chief executive officer of Renault SA, during the 2025 VivaTech conference in Paris, France, on Wednesday, June 11, 2025. The annual technology and startup conference runs until June 14. Photographer: Nathan Laine/Bloomberg

Gucci owner Kering appoints de Meo as CEO, shares soar

Gucci owner Kering said it was hiring Renault boss Luca de Meo as its new CEO to help revive the debt-laden luxury conglomerate, confirming reports that sent its shares soaring and those of Renault tumbling.

Business • 17 Jun

Kering shares up, Renault down as CEO quits the carmaker

Gucci owner Kering is poised to hire Renault chief executive Luca de Meo in an effort to turn around the debt-laden luxury conglomerate, five sources told Reuters, sending Kering shares soaring and Renault's to multi-month lows.

Business • 16 Jun

Renault was one of the few companies in the sector to maintain its targets for last year

Renault beats its profit forecast for 2024

French car maker Renault has today reported a record operating profit for 2024, beating expectations, as lower costs and a string of new launches boosted margins.

Business • 20 Feb

Renault's market share in Europe overtook Stellantis' for the first month since the Franco-Italian group was established in January 2021

European car sales up by 0.9% in 2024 - ACEA

New car sales in Europe were up by 0.9% in 2024, led by double-digit growth in hybrid car registrations, which exceeded petrol for a fourth consecutive month in December, industry data showed today.

Business • 21 Jan

Renault said its Q3 revenues came in at €10.7 billion, up 1.8% from a year earlier

Renault beats Q3 forecasts as new launches lift sales

French carmaker Renault has today reported an unexpected rise in quarterly revenues, as strong demand for its pricier new models helped it offset lower total volumes.

Business • 24 Oct 24

Renault said it sold 1,154,700 vehicles globally in the first half of 2024, compared to 1,133,478 units last year

Renault posts 1.9% rise in first-half sales volume

French automaker Renault said today that its first-half sales volume rose 1.9% from the year-ago period on strong performance for its hybrids in Europe, its key region.

Business • 18 Jul 24

VW & Renault end talks to develop affordable EV - sources

Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, two sources familiar with the situation said, in a setback for the EU carmakers' efforts to fend off Chinese rivals.

Business • 17 May 24

Renault said it was on track to lower its EV costs by 40% by 2027

Renault's first quarter sales lifted by financing arm

French automaker Renault has today posted a 1.8% rise in first-quarter revenue, with high interest rates lifting sales at its financing arm, and reiterated its profit margin and cash flow forecast for 2024 as it pushes ahead with cost cuts.

Business • 23 Apr 24

Renault sold a 5% stake in Nissan back to the Japanese company in December

Renault to sell Nissan stake of about 2.5%

Renault plans to sell a stake of about 2.5% in Nissan shares to the Japanese car maker in a deal that could result generate up to €362m, the French firm said today.

Business • 27 Mar 24

The R5 is central to Renault's efforts to build affordable EVs.

Renault leads Europe's EV defence at Geneva Car Show

Renault and China-owned MG launched new electrified cars in Europe at the Geneva car show today as Chinese automakers seek to take more market share from legacy European rivals.

Business • 26 Feb 24

Renault back to growth after four years of declines

Renault has today posted an increase in its annual global sales volumes, returning to growth after four consecutive years of decline attributable to its strategic repositioning, its exit from the Russian market and supply chain snags.

Business • 17 Jan 24

Renault said that between now and 2027, it aims to cut its production costs per vehicle by 30% for internal combustion vehicles, and by 50% for EVs

Renault plans to cut its vehicle production costs

French carmaker Renault has today announced plans to cut its production costs per vehicle, and also said it would make four new models at its Bursa site in Turkey.

Business • 07 Dec 23

Revived Moskvich car brand breaks into Russia's top 10

Russia's Soviet-era Moskvich car entered the country's list of top 10 best-selling brands for the first time in November, data from Russian analytical agency Autostat showed today.

Business • 05 Dec 23

Electric vehicle sales jumped 60.6% in July, continuing a rise buoyed by subsidies in a number of European Union countries

European car sales rise 15% in July, EVs up nearly 61%

European new car registrations jumped 15.2% in July, the 12th consecutive month of growth as the auto industry recovers from pandemic-related supply chain issues, data from the European Automobile Manufacturers Association (ACEA) showed today.

Business • 30 Aug 23

The transaction is subject to the approval of the relevant competition authorities.

Cedar to take over Renault distribution business here

Cedar is set to take over the distribution business of Renault Group in Ireland.

Business • 11 Aug 23

Renault today recorded net income of €2.12 billion after posting a €1.68 billion loss in the first half of 2022

Renault returns to net profit in first half of 2023

French car maker Renault has today posted an operating margin of 7.6% for the first half year, its highest ever and already close to its 2025 target, helped by higher prices for new cars and by cost reductions.

Business • 27 Jul 23

Nissan has had to weather rocky relations with its French alliance partner Renault

Nissan Q1 net profit more than doubles on weaker yen

Nissan said today that its net profit more than doubled in the three months to June, as a weaker yen and improving sales in Japan and North America offset declines in China.

Business • 26 Jul 23

The increase marks an acceleration from the 9% growth in sales reported in the first quarter of 2023.

Renault H1 brand sales up 11%, new deal with Geely

French automaker Renault has said worldwide sales of its flagship brand rose 11% in the first half of the year to 770,807 units, extending a rebound after four years of declines.

Business • 11 Jul 23

Renault has been engaged for several years in a deep restructuring and a strategic repositioning to restore its margins.

Renault raises 2023 outlook after success of new cars

Renault has today raised its financial outlook for full-year 2023 following the success of its new launches, in particular of SUV Austral and Dacia Jogger models.

Business • 29 Jun 23

Renault has posted a 14.1% increase in sales in the first quarter to 535,000 units, after four consecutive years of declines

Renault revenues rise 30% in Q1 on higher sales, prices

French car maker Renault said today its revenues had grown by 30% in the first quarter thanks to a rebound in sales and higher prices.

Business • 20 Apr 23