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Mar 27, 2024

On March 26, Renault announced that in France it aims to reduce energy consumption per vehicle produced by 40% by 2025 compared to 2021, and by 30% globally, with a further 50% reduction targeted by 2025. Already, a 20% reduction has been achieved across all plants by the end of 2023, bringing consumption to 1.58 MWh/Veh compared to 2.00 MWh/Veh in 2021.

The objective is to cut carbon dioxide emissions per vehicle by 80% by 2030 compared to 2019. Renault Group collaborates with partners like Iberdrola in Spain and COMERC ENERGIA in Brazil, where one of the world's largest solar farms covers 85% of energy needs. Spain's electricity production is fully sourced from photovoltaic farms, while in Turkey, waste heat recovery systems are operational, with plans for Spain by 2025.

These solutions, tailored to each plant's needs, encompass geothermal, methanization, and connection to heating networks, reflecting Renault's commitment to sustainable energy practices.

Based on Renault press release

Mar 27, 2024

On March 27, Renault Group announced a second transaction to sell up to 100,242,900 Nissan shares, around 2.5% of Nissan's capital. This stems from Nissan's right of first offer following Renault Group's intent to sell 280,690,000 Nissan shares (up to 7% of Nissan's capital) as per the New Alliance Agreement. Renault Group may sell the remaining shares within 180 days to Nissan or third parties.

The sale is part of Nissan's share buyback program announced on March 27, 2024. Nissan plans to cancel the acquired shares, benefiting its shareholders. The shares to be sold are from the 24.63% of Nissan's capital held by a French trust, initially transferred by Renault Group under the New Alliance Agreement.

Assuming a maximum sale of 100,242,900 Nissan shares at a share price of JPY 593.4, Renault Group expects a cash inflow of up to EUR 362 million, improving its Automotive net cash financial position.

The accounting impacts include a potential capital loss on disposal of up to EUR 450 million in Renault Group's consolidated financial statements, not affecting operating income, and a capital gain of up to EUR 50 million in Renault S.A.'s statutory statements.

The transaction aims to accelerate deleveraging and support Renault Group's goal of achieving an investment grade rating.

Based on Renault press release

Mar 27, 2024

On March 27, Euro NCAP announced crash avoidance ratings for eight vans in the small panel van category. Mercedes Benz Citan and Volkswagen ID.Buzz Cargo received the top Platinum rating, with the Citan van scoring 87% and the ID.Buzz Cargo 83%.

Citroën Berlingo, Fiat Doblo, Opel/Vauxhall Combo, Peugeot Partner, Renault Kangoo Van, and Volkswagen Caddy Cargo achieved Euro NCAP’s Gold rating as Kangoo van scored 78%, followed by Caddy Cargo with 68%, and the remaining vans scored 62%. Despite overall good results, Citroën Berlingo, Fiat Doblo, Opel/Vauxhall Combo, and Peugeot Partner performed poorly in AEB cyclist protection.

Smaller panel vans are better equipped with safety technologies compared to larger cargo vans, closer in size to passenger cars. Advanced driving technologies improve safety for drivers and vulnerable road users. Euro NCAP expects safety technologies like autonomous emergency braking (AEB), lane support systems, speed assistance, and attention assist.

Based on Euro NCAP press release (1/ 2)