Tag: Renault

Renault Announces Record Net Loss of 7.3 Billion Euros in First Half

Renault Announces Record Net Loss of 7.3 Billion Euros in First Half

Business
The French car manufacturer Renault suffered in the first half of the year the heaviest net loss in its history, at 7.3 billion euros, weighed down by its Japanese partner Nissan and the health crisis, he announced Thursday, July 30 in a statement. Over 2019 as a whole, it had already suffered a much smaller loss of 141 million, its first in ten years, for group sales of 55 billion euros. The uncertainty is such that the group "believes that it is unable to provide a reliable forecast of results for the year". Renault, already in difficulty before the pandemic due to the coronavirus, announced at the end of May 15,000 job cuts worldwide. "The situation is unprecedented, it is not without appeal," commented new CEO Luca de Meo, who took office earlier this month. "I have every confidence ...
After Renault, Thierry Bolloré bounces back at Jaguar Land Rover

After Renault, Thierry Bolloré bounces back at Jaguar Land Rover

Business
After his chaotic departure from Renault, Thierry Bolloré returns by the front door in the world automobile. The ex-right-hand man of Carlos Ghosn has been appointed CEO of Jaguar Land Rover. This is called rebounding. After his chaotic departure from Renault, Thierry Bolloré returns by the front door in the world automobile. The former right-hand man of Carlos Ghosn, who had held the wheel of the Losange during the storm, was appointed general manager of Jaguar Land Rover. The Frenchman will take up his prestigious post on September 10. "I am delighted to welcome this established and experienced leader, who has demonstrated his ability to manage complex transformations," said Natarajan Chandrasekaran, President of Tata Sons, President of Tata Motors (owner of JLR) and the manufacturer