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  • French carmakers duel over Iran Thursday, 3 Sep 2015 | 1:30 AM ET

    *Renault takes aim at Peugeot in Iran. PARIS, Sept 3- France's PSA Peugeot Citroen, the biggest-selling European carmaker in pre-sanctions Iran, has hit a setback in its bid to reclaim that throne: domestic rival Renault. Now Renault plans to use $560 million of its cash that had been trapped in Iran to seize the advantage, after July's international deal to lift...

  • PARIS, July 30- French carmaker Renault reported on Thursday that first-half profit surged on rebounding European demand- but not enough to meet soaring investor expectations from the recovery, or concerns about weaker pricing. Despite hitting its highest operating margin in a decade, at 4.8 percent, Renault's shares fell as much as 7.5 percent as investors...

  • PARIS, July 30- Renault said on Thursday its first-half profit rose sharply as a European market recovery and currency windfall overcame pricing setbacks for older models, driving margins to a 10- year high. "This is our best margin performance since 2005," Chief Financial Officer Dominique Thormann told reporters and analysts at Renault's...

  • LONDON, June 18- For Encocam, one of the world's few manufacturers of crash test dummies, a British exit from the European Union looks like an accident that will probably be avoided. But if things turn out differently in the country's planned EU referendum, it will have big consequences for the company based 20 miles north-west of Cambridge. As well as tighter...

  • NEW YORK- June 3- French automaker Renault SA and its Japanese partner Nissan Motor Co continue to increase savings through synergies and can meet longer-term goals without expanding its current alliances, Chief Executive Carlos Ghosn told Reuters on Wednesday. Nissan and Renault can continue to cut the costs of developing new cars and trucks, including...

  • *No need to change capital alliance with Renault- Nissan's Ghosn. YOKOHAMA, Japan, May 18- Nissan Motor Co Ltd CEO Carlos Ghosn said on Monday there was no need to change the automaker's capital alliance with Renault, after France raised its stake and voting rights in Renault last month. The French government, which owns almost 20 percent of Renault, has said it wants...

  • *No need to change capital alliance with Renault- Nissan's Ghosn. YOKOHAMA, Japan, May 18- Nissan Motor Co Ltd CEO Carlos Ghosn said on Monday he did not think there was any need to change the automaker's capital alliance with Renault at present after France raised its stake and voting rights in Renault last month. The government of France, which owns almost 20...

  • *Nissan sees operating profit up 15 pct to 675 bln yen. *Ghosn silent on move by France to increase Renault influence. Nissan, 43.4 percent owned by France's Renault SA, forecast operating profit of 675 billion yen- 2 percent less than a market consensus estimate, due in part to the automaker's conservative exchange rate assumptions.

  • YOKOHAMA, Japan, May 13- Nissan Motor Co said it expects operating profit to climb a solid 15 percent this financial year, forecasting growth in vehicle sales for every region except Japan. Nissan, 43.4 percent owned by France's Renault SA is, however, grappling with a French government move, against both automakers' wishes, to raise its holding in Renault to gain a...

  • *France wants Renault to stay in control of alliance. PARIS, April 30- The French government's move to tighten its hold on Renault, crowned by a rare public defeat for CEO Carlos Ghosn on Thursday, has exposed competing visions for the carmaker and its alliance with Nissan. Ghosn must now decide whether to fight or negotiate for closer Renault-Nissan integration,...

  • *France wants Renault to stay in control of alliance. PARIS, April 30- The French government's move to tighten its hold on Renault, crowned by a rare public defeat for CEO Carlos Ghosn on Thursday, has exposed competing visions for the carmaker and its alliance with Nissan. Ghosn must now decide whether to fight or negotiate for closer Renault-Nissan integration,...

  • PARIS, April 30- The French government will increase its influence at Renault after shareholders failed to block a change in voting rights which the carmaker has said could damage its alliance with Japan's Nissan. It has said it wants to safeguard French interests at Renault, which is deepening its ties with Nissan. Renault owns 43.4 percent of Nissan.

  • PARIS, April 30- Daimler, which has a 3.1 percent stake in Renault, has voiced concerns about the French government's attempts to increase its voting rights in the French carmaker, Renault said on Thursday. However, Renault has warned that the French government's increased influence could upset its alliance with Japanese carmaker Nissan.

  • STRASBOURG, France, April 28- The French government sees no reason to allow Nissan to reactivate the voting rights on its 15 percent stake in Renault, Economy Minister Emmanuel Macron said on Tuesday. Renault currently owns 43.4 percent of Nissan, which it rescued from near-bankruptcy in 1999. Because it is deemed to be under Renault control, Nissan cannot vote...

  • France's stake in Renault and influence over Nissan, which is 43.4 percent- owned by the French carmaker and where Ghosn is also chairman and chief executive, has long been a sensitive matter. Nissan holds a reciprocal 15 percent in Renault that is deprived of voting rights, another sore point in Tokyo, where Nissan is deemed to be under its alliance partner's...

  • *Renault shares hit seven-year high. PARIS, April 24- Renault shares powered to a seven-year high on Friday as forecast-beating quarterly sales overshadowed signs of growing tensions with the French government over its influence on the carmaker. However, the strong performance comes amid signs of tensions with the French state, which is seeking to increase...

  • PARIS, April 24- Foreigners are set to take over several French blue chip firms this year and will largely do what they want with their prizes- showing the limits of new laws passed in the name of "economic patriotism." Economy Minister Emmanuel Macron spoke last month of "the determination and the ability of the state to use all weapons available to investors" to help...

  • PARIS, April 23- French Economy Minister Emmanuel Macron has written to Renault boss Carlos Ghosn to defend the government's surprise stake increase in the carmaker and reject claims it endangers the Renault-Nissan alliance. France's stake in Renault and influence over Nissan, which is 43.4 percent- owned by the French carmaker, has long been a sensitive...

  • SHANGHAI, April 20- Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth. Market leaders Volkswagen AG and General Motors show no sign of letting up on their planned investments, while Toyota Motor and Ford Motor are also pursuing...

  • *Alliance with Nissan at stake, Renault warns. In a board statement, the carmaker said the Renault-Nissan alliance's "survival and success" required the restoration of the previous balance between France and Nissan- which holds a non-voting 15 percent stake in Renault. Measures to rebalance the alliance in Nissan's favor have been considered in the past-...