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Renault SA, a leading global carmaker, reported vehicle sales of 2,264,815 units in 2024, with 89.8% from passenger cars and light commercial vehicles. The company operates 25 industrial sites worldwide, with sales distribution primarily in France (29.9%) and Europe (49.8%). Services, including financing and maintenance, account for 10.2% of sales.
Nissan's CEO, Makoto Uchida, is stepping down amid poor financial results and failed merger talks with Honda. Ivan Espinosa, the current chief planning officer with extensive experience in Mexico, will succeed him on April 1, as the company seeks a turnaround strategy. Analysts express skepticism about the leadership change, emphasizing the need for an outsider to drive significant improvements.
Nissan's CEO, Makoto Uchida, is stepping down amid poor financial results and failed merger talks with Honda. Ivan Espinosa, the current chief planning officer with extensive experience in Mexico, will succeed him on April 1, as the company seeks a turnaround strategy. Analysts express skepticism about the leadership change, emphasizing the need for an outsider to drive significant improvements.
UBS has rated RENAULT SA as 'Neutral', indicating a cautious stance on the company's stock. The information provided is for informational purposes only and does not serve as a recommendation to buy or sell securities, which carry inherent risks, including potential total loss of capital. No liability for the accuracy or completeness of the information is assumed.
Renault SA, a leading global automobile manufacturer, reported net sales primarily from vehicle sales (91.9%), totaling 2.2 million units in 2023, with significant contributions from brands like Renault and Dacia. The company also generates 8.1% of its revenue from financing and related services. Geographically, sales are concentrated in France (29.2%) and Europe (49.3%), with a presence in the Americas, Eurasia, Asia/Pacific, and Africa and the Middle East.
Renault SA, a leading global carmaker, reported vehicle sales of 2.2 million units in 2023, with 91.9% from passenger cars and light commercial vehicles. The company operates 38 industrial sites worldwide, with sales predominantly in France (29.2%) and Europe (49.3%). Services account for 8.1% of total sales, including financing and maintenance.
Renault SA is expanding its electric vehicle operations in China, a market where it currently does not sell cars, to enhance its EV technology and production speed. The French automaker has hired around 200 employees in Shanghai, primarily hardware engineers, to develop a sub-€20,000 electric Twingo, with plans to recruit software engineers as well.
Trump's tariff threats have unsettled Europe's auto industry, but Ferrari remains largely unaffected, as it produces exclusively in Italy and can pass on potential tariff costs to its affluent customers. Analysts believe that even significant tariffs would not deter demand for Ferrari's luxury vehicles, contrasting with the challenges faced by competitors like Porsche, which may struggle to absorb higher costs.
In October, electric vehicles (EVs) captured a 23.6% market share in Germany, a decline from 24.5% year-over-year and below October 2021 levels. The economic downturn and high BEV prices hinder consumer adoption, while traditional petrol and diesel vehicle sales have risen. The Volkswagen Group leads the BEV market, with the Skoda Enyaq topping sales, followed by the VW ID.7 and ID.4/ID.5.
Analysts have updated their recommendations and price targets for several companies. Notable changes include Jefferies lowering Adecco's target to CHF 29, Barclays reducing Air France-KLM's to EUR 8.50, and Stifel cutting Capgemini's to EUR 225. Rheinmetall's target was raised to EUR 640 by BNP Paribas Exane, while Exosens saw an increase to EUR 28.50 from Bernstein. Other adjustments include reductions for Engie, Legrand, and Solvay, reflecting varied market sentiments.
Renault SA
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
renault reports strong vehicle sales and global market presence in 2024
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