Renault sells 549,099 vehicles in 1Q24 (up 2.6%) and confirms profit outlook for 2024

Norbolsa| Renault increased its sales in 1Q24 thanks to its financing division (up 27.9% year-on-year) and confirms its profit outlook for 2024. The company sold 549,099 units in Q1, 2.6% more than in the same period of 2023, registering a 1.8% increase in Q1 revenues to €11.7 billion, above estimates of €11.49 billion. Renault reiterated its guidance for FY24, with an operating margin target of at least 7.5% and FCF…

Renault follows in the footsteps of Volkswagen

Renault Follows In The Footsteps Of Volkswagen

After being arrested by Japanese authorities on Monday for alleged fiscal fraud, Carlos Ghosn, Chairman of Nissan and CEO of Renault has been temporarily suspended at the head of the company and remains chairman “temporarily incapacitated”. The greater integration of the alliance between Nissan, Renault and Mitsubishi is now left in the air. Furthermore, it generates uncertainty in relation to the corporate governance practices of the alliance.

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Renault-Nissan’s plant in Spain to hire 1,300

In Palencia today, Renault Spain chairman José Vicente de los Mozos announced the company’s new 2014-2016 Industrial Plan. It assigns new products to Renault’s production facilities in Spain, and creates new jobs.