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Business, Stocks

“Renault Finalizing Transfer of 28% Stake in Nissan”

“…The automakers on Wednesday announced the creation of a French trust to which Renault transferred 28.4% of Nissan shares. The companies first disclosed plans for the trust in January. Renault and Nissan now have a cross-shareholding of 15% with lock-up… Continue Reading…

Business

“Renault expects to make 300,000 fewer cars in 2022 as global chip shortage rumbles on”

“Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage. Renault made 500,000 fewer cars last year as a result of… Continue Reading…

Business

“Fiat Chrysler and Renault pursue $35 billion merger…”

“Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker… Shares in both companies jumped more than 10 percent as investors… Continue Reading…