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Renault: Announced losses in the first half

Renault SA reported first-half losses amid withdrawal from Russia and semiconductor shortages, but upgraded targets for the year. The French carmaker reported a net loss of 1.36 billion euros, compared with a profit of 354 million euros...

Renault: H1 sales volume down 30% after exit from Russia

French carmaker Renault on Tuesday reported a drop in vehicle sales in the first half of 2022 after suspending operations in Russia, its second-biggest market, in the wake of the invasion of Ukraine, Reuters reported. The company...

Renault and Nissan are facing group litigation in France from dissatisfied customers

Renault and Nissan are being sued by their disgruntled customers in France over problems with their vehicles. Christophe Lèguevaques, a legal representative in the lawsuit against Renault and Nissan, said that about 1,100 people have taken joint...

The Soviet Moskvich brand is revived in Russia

Russia is aiming to revive the Soviet car brand Moskvich, which could be achieved through cooperation with truck maker Kamaz and the use of a Chinese platform, two sources told Reuters. The new model is...

Renault: Sells its operations in Russia and its participation in AvtoVAZ

The French Renault stressed that it has agreed to sell its activities in Russia and its stake in the Russian car industry AvtoVAZ. Renault has said it will sell all of Renault Russia's 67.69% stake in AvtoVAZ...

Renault to transfer 68% of Avtovaz shares to Russian Scientific Institute

French carmaker Renault SA will transfer a 68% stake in the automotive industry Avtovaz AO to a Russian scientific institute for a token price, Russian Interfax news agency quoted Russian Foreign Minister Embo as saying. Renault will...