PARIS: Renault Group announced Tuesday the successful placement of its first-ever green bond issuance, raising €850 million with a maturity date of Sept. 30, 2030, and a coupon of 3.875%. The offering was significantly oversubscribed, signaling strong investor confidence in the automaker’s strategic transformation under its Renaulution plan. Proceeds from the bonds will be…
PARIS, FRANCE: Following the joint venture agreement signed on July 11, 2023, and after having obtained the approval of the relevant authorities, Renault Group, Geely Holding Group (Geely Holding), Geely Automobile Holdings Limited (Geely Auto) (collectively referred to above as “Geely”) have officially created HORSE Powertrain Limited, headquartered in London, United Kingdom. Luca de…
PARIS, FRANCE: CMA CGM, through PULSE, its energy fund, acquired a 10% stake in Flexis SAS and has confirmed its interest for a strategic investment up to EUR 120 million by 2026. Volvo Group and Renault Group, holding each a 45% stake in Flexis SAS, plan to invest respectively EUR 300 million over the…
PARIS: Renault Group, the French multinational automobile manufacturer, has reported a 9% increase in its worldwide sales in 2023, reaching a total of 2,235,345 vehicles sold over the year. The Group attributed this impressive growth to its successful dynamic with three of its core brands: Renault, Dacia, and Alpine. Renault, the best-selling French brand…
PARIS, FRANCE: Renault Group has announced that it will sell up to 211 million Nissan shares, or 5% of Nissan capital, to Nissan as part of the latter’s share buyback program. The sale, which will take place on December 13, 2023, will improve Renault Group’s net financial position by €765 million, but also result…
PARIS, FRANCE: Renault Group, Volvo Group and CMA CGM Group, three leading players in the transport and logistics sectors, have announced a joint venture to develop and market a new generation of fully electric vans and associated services. The new company, which will operate under its own corporate identity and be based in France,…
PARIS, FRANCE: Renault Group and Alpine have announced a significant investment of €200 million from Otro Capital, RedBird Capital Partners, and Maximum Effort Investments, collectively known as the “Investor Group.” This investment will grant the Investor Group a 24% equity stake in Alpine Racing Ltd, the renowned Formula 1 team representing Alpine’s F1 activities…
BOULOGNE, PARIS: In an environment still disrupted by the COVID-19 pandemic, Renault Group sold 1,422,600 vehicles in the first half of 2021, up 18.7% on 2020, but down 24.2% on the first half of 2019, a news release said. Throughout the first half, the Group continued to pursue a selective sales policy favouring profitable…