Renault hands Russian assets to Moscow, McDonald's says will exit Russia

The exodus of Western businesses from Russia deepened on Monday as French automaker Renault's local assets were effectively nationalised and fast food giant McDonald's said it would exit the market. Meanwhile, American fast-food giant McDonald's said it would exit the Russian market and sell its business after more than 30 years of operations in the country.
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No More Pause: McDonalds and Renault Exit Russia for Real

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Picture for No More Pause: McDonalds and Renault Exit Russia for Real

A last-mile triple threat: Renault developing hybrid solution

Consolidation in the last-mile delivery space is nothing new. Large national carriers often partner with a network of local delivery service providers to round out their domestic supply chains. A French automaker, however, is putting a new twist on consolidation. Multinational automobile manufacturer Renault (OCTUS: RNLSY) is looking at a...

Renault sees a double-digit margin for its Mobilize brand in 2027

PARIS, May 10 (Reuters) - French carmaker Renault (RENA.PA) said on Tuesday it was targeting a double-digit margin for its new Mobilize brand built around new mobility and data solutions, which should represent 20% of Renault's overall group turnover by 2030. Mobilize will focus on services like ride hailing, car...

China's Geely buys stake in Renault Korea, eyeing US exports

May 10 (Reuters) - China's Geely Automobile (0175.HK) will buy just over a third of Renault's (RENA.PA) Korea unit for roughly $200 million, potentially helping it boost U.S. exports, and freeing up funds for the French automaker to invest in its electric business. Renault, which can assemble 300,000 vehicles a...

Renault’s Russia exit plans mix logic and delusion

LONDON, May 10 (Reuters Breakingviews) - Renault (RENA.PA) seems to be negotiating a clever way out of its Russian morass. It would allow the French carmaker to offload its facilities in the country to a non-sanctioned local entity, with an option to buy them back in a few years’ time. In the short term the deal makes sense. In the longer term, it looks delusional.

1980 Renault 5 Turbo Is A Homologation Game Changer

This racing legend is the first of its kind to have ever been made for homologation rules. If you like rally races, you will smile when you see this particular car, as it was made specifically for it. Jumping over small hills, turning tight corners in the dirt, and racing through raging rivers of mud are the things a rally car should do. You can see that all of these things could come in handy in many driving scenarios, especially ones in rural areas, but for most, these cars are hard to come by. However, just like all racing, the companies responsible for producing these race cars had to make their racers available for the public to buy due to homologation rules. This remarkable vehicle is one of those cars, and moreover, it is the first of its kind made for the street.

Renault deepens overhaul with new car-sharing growth targets

Renault set targets to expand its Mobilize car-sharing and leasing businesses as the struggling French automaker deepens its corporate overhaul. The brand, which currently generates losses, is to achieve double-digit margins for each category of services outside of its finance arm by 2027, the French carmaker said Tuesday. Renault is sticking to its goal for Mobilize to make up a fifth of group revenue by the end of this decade, betting consumers will increasingly shun vehicle ownership.

China’s Geely to buy 34% stake in Renault Korea for $207 million

(Reuters) – China’s Geely Automobile Holdings on Tuesday agreed to acquire around 34% of Renault Korea Motors, a unit of French carmaker Renault Group, for 264 billion won ($207.16 million), to expand into the country’s electric vehicles market. Renault Korea Motors will issue 45.4 million shares for...