RNSDF News and Press, Renault S.A. From 12/10/20

Rebalancing the alliance, which could involve the reduction or even divestment of stakes in its alliance partners, could be a way of unlocking value for Renault SA. Another re-rating catalyst for Renault SA is the successful implementation of the company's restructuring plan, which ai...

U.S. auto sector received an improving 2021 outlook from Fitch ratings indicating the rating agency's expectation of an improved 2021 economy vs. the pandemic struck 2020.Despite improvement, 2021 sales are expected to be ~8% below 2019 levels.U.S. light vehicle sales are seen up ~10% to 15.6...

Global electric car sales for Oct. 2020, up 127% YoY (fastest growth in 8yrs) at 4.9% share. Europe sales up 195% YoY reaching 13% share, China sales rose 120% YoY. EV market news - Biden's pro-EV sector policies. UK bans sales of new gas & diesel cars from 2030. USA Zero Emission...

Volkswagen (VWAGY) is planning to develop a small electric car for the mass market, according to Reuters.The German automaker is looking to be well positioned for a new green era under its Small BEV (Battery Electric Vehicle) program.The new all-electric EV models is said to around the size o...

To avoid paying World Trade Organization $74B in tariffs by 2025 on parts and vehicles imported and exported into and out of Britain and undercut its ability to develop the next generation of zero-emissions vehicles, Britain's car industry body called on Brexit negotiators to finali...

Britain to discontinue the sale of new petrol and diesel cars and vans from 2030, five years earlier than 2035 pledge made by Prime Minister Boris Johnson in February as a “green revolution” to cut emissions to net zero by 2050 - Reuters.The sale of hybrid cars and vans wil...

Passenger car sales in Europe slipped again in October amid new restrictions, stated the European carmakers’ association.Registrations of new cars declined by 7.8% to 953,615 units, as several European governments reimposed curtailments to battle resurgence of the coronavirus.Demand dr...

Record global electric car sales for Sept. 2020, up 91% YoY, with 4.9% market share (3.4% YTD). Europe sales surged 166% YoY reaching 12% share, China sales rise 66% YoY. EV market news - New Jersey follows California in banning gas car sales by 2035. China sets sights on global EV do...

Renault SA (RNSDF): Q3 revenue of €10.37B, down 8.2% Y/Y vs. consensus of €10.42B.The Group sold 806,320 vehicles in the third quarter, down 6.1%.With ZOE (electric vehicle) sales up more than 150% in the third quarter, the Group is on track to meet its CAFE2 targets f...

New CO2 emission regulations in Europe have forced legacy automakers to fast track their electrification plans. This has resulted in a huge increase in electric vehicle sales this year, for everyone except Tesla. This article looks at each of the major European markets individuall...