Luca De-Meo News
07.09 / 20:15
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As EV demand slows, Europe’s auto industry might face €15 billion in fines over emissions, warns Renault CEO
Europe's autos industry could face fines of 15 billion euros ($17.4 billion) for carbon emissions due to slowing demand for electric vehicles, Renault chief executive Luca de Meo said on Saturday. Automakers face tougher European Union CO2 targets in 2025 as the cap on average emissions from new vehicles sales falls to 94 grams/km from 116 g/km in 2024. «If electric vehicles remain at today's level, the European industry may have to pay 15 billion euros in fines or give up the production of more than 2.5 million vehicles,» de Meo told France Inter radio.
26.02 / 18:15
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In China vs Europe EV battle, Renault leads latter's charge
Renault and China-owned MG launched new electrified cars in Europe at the Geneva car show on Monday as Chinese automakers seek to take more market share from European rivals. Europe's auto industry is scrambling to cut costs and roll out more affordable, well-reviewed electric vehicles (EVs) to counter the arrival of cheaper Chinese models. The strong presence of Chinese competitors at the show, which returns this week after a four-year hiatus due to the Covid-19 pandemic, shows «they are interested in our market, in our customers,» Renault CEO Luca de Meo said..
17.01 / 10:26
06.12 / 18:39
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Renault hopes to escape from its 'negative core value' curse
By Gilles Guillaume
06.12 / 09:19
15.11 / 12:15
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Nov
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Renault’s EV Maker Ampere Sets $11 Bln Revenue Target as It Gears Up for IPO
Ampere, Renault’s electric-vehicle and software company preparing for a public listing, said it is targeting revenue of more than 10 billion euros ($10.88 billion) in 2025 while it readies to compete with less expensive cars from China and Tesla. The French car maker, which was officially carved out form its parent company on Nov. 1, said on Wednesday that it is aiming to sell around 300,000 vehicles that year.
15.11 / 11:33
15.11 / 11:26
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Renault sets out targets for EV unit, says won't sell it cheap
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04.09 / 11:47
27.07 / 07:11
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Renault posts record H1 operating margin helped by higher priced new cars
By Victor Goury-Laffont and Gilles Guillaume
26.07 / 08:21
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Nissan posts 98% rise in Q1 operating profit, exceeds market expectations
Also Read: Nissan, Renault may announce new alliance deal in days: Report Japan’s Nissan Motor managed to double its first-quarter profit on Wednesday. The profit was fuelled by higher production and sales in North America and Japan. The weaker yen also helped the company lift its full-year outlook.
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