Sunday, December 22

Tag: FR:RNO

Carmakers Are Drowning in Cash
29Dec By adminNo Comments
Money

Carmakers Are Drowning in Cash

Most carmakers are ending the year with lots of cash and lots of worries. Share buybacks are an antidepressant, not a cure, but they are better than nothing.It has been a highly profitable year for the traditional car industry. Production recovered following the microchip-related supply constraints of 2021 and 2022. Having previously been starved of inventory, consumers and fleet owners bought new vehicles despite higher interest rates. Globally, sales are on track to rise 10% this year, according to forecasting firm GlobalData.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Nissan to Buy Back $824 Mln Stake From Renault
12Dec By adminNo Comments
World

Nissan to Buy Back $824 Mln Stake From Renault

Renault plans to sell a 5% stake in Nissan Motor back to the Japanese carmaker for up to 765 million euros ($823.6 million).The French company said Tuesday that the sale of the Nissan shares could result in a capital loss of up to EUR1.5 billion which would hit net profit in its own accounts. This is the maximum amount and could be adjusted at year-end, Renault said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Renault Shares Fall as Revenue Slightly Misses Expectations
19Oct By adminNo Comments
World

Renault Shares Fall as Revenue Slightly Misses Expectations

Updated Oct. 19, 2023 4:25 am ETShares in Renault dropped on Thursday after the French carmaker’s third-quarter revenue slightly missed consensus due to volume effects, according to analysts.At 0753 GMT, the stock was down 7.5% at EUR33.37.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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