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Renault S.A., commonly referred to as Groupe Renault (UK: / ˈ r ɛ n oʊ / REN-oh, US: / r ə ˈ n ɔː l t, r ə ˈ n oʊ / rə-NAWLT, rə-NOH, [7] [8] French: [ɡʁup ʁəno], also known as the Renault Group in English), is a French multinational automobile manufacturer established in 1899. [9] The company currently produces a range of cars ...
The company was founded by Renault in 1974 [2] as the Société Financière de Renault or Sofiren, [9] being intended as a way of financing sales for its dealerships and to manage the automaker's cash flow in Europe. On 27 June 1980 it was renamed Renault Crédit International (RCI). [9]
On 12 December 2012, the Renault–Nissan Alliance became the long-term controlling shareholder of AvtoVAZ, Russia's largest car company and owner of the country's biggest selling brand, Lada. [120] According to the terms of the deal, Renault–Nissan is investing 23₽ billion (US$742 million) for 67.13% of the joint venture by mid-2014.
French car firm Renault owns about 43% of Nissan, while the Japanese firm owns 15% of its top shareholder, but without voting rights. In June, Nissan revealed for the first time some details of ...
Italian-American FCA is in negotiations with Renault and its biggest shareholder, France, over the $35 billion merger proposal it pitched last week to create the world's third-biggest carmaker.
Renault appointed Michelin boss Jean-Dominique Senard as its new chairman on Thursday, after Carlos Ghosn was forced to resign in the wake of a financial scandal that has rocked the French ...
Consolidation of the automobile industry is an ongoing occurrence. Behind each automobile brand lies larger parent corporations.Auto mobile corporations, external corporations and private shareholders commonly own varying amounts of multiple auto mobile corporations, thus resulting analysis of relationships between auto mobile corporations becomes increasingly complicated.
Renault, Nissan's top shareholder, said while it was not privy to the discussions, the latest information suggested the transaction would result in a "takeover of Nissan by Honda without a control ...