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Evolution of the accounting treatment of Renault Group's stake in Nissan
Globenewswire· 2025-07-01 05:00
Group 1 - Renault Group will change the accounting treatment of its stake in Nissan from the equity method to a financial asset measured at fair value through equity as of June 30, 2025 [1][4] - The financial impact of this change is estimated at a loss of €9.5 billion, recognized in the income statement, primarily in other operating income and expenses, with no cash impact [4][5] - This accounting change aligns the value of Renault Group's stake in Nissan with Nissan's stock price, while operational projects and collaborations between the two companies remain unaffected [4][6] Group 2 - Renault Group sold 2.265 million vehicles in 2024 and operates in 114 countries, employing over 98,000 people [2] - The Group is focused on developing new technologies and services, aiming for carbon neutrality in Europe by 2040 [3] - Renault Group's strategic cooperation with Nissan continues to emphasize joint industrial and technological development programs, reflecting a commitment to maximizing synergies and creating value [4]
Renault Group finalises a strategic partnership with Wandercraft, a leader in next generation robotics
Globenewswire· 2025-06-06 06:00
Investment and Partnership - Renault Group has completed a minority investment in Wandercraft, a leader in medical self-balancing exoskeletons, to enhance its capabilities in robotics and automation [1][5] - The partnership aims to develop the Calvin family of next-generation robots for industrial applications, which will help alleviate workers from non-ergonomic tasks and improve productivity [2][3] Technological Advancements - Wandercraft's technology will be integrated with Renault Group's industrial expertise to scale up production of exoskeletons and robots, thereby reducing costs through design-to-cost and scaling [2][4] - Wandercraft has developed over 30 patents and operates more than 100 Atalante exoskeletons in hospitals globally, with plans to market a new personal exoskeleton, Eve, to assist quadriparetic individuals [7] Strategic Goals - The collaboration is expected to drive productivity by accelerating production time and reducing costs, allowing Renault Group to focus its workforce on more value-adding tasks [3][4] - Renault Group aims to achieve carbon neutrality in Europe by 2040, aligning with its commitment to sustainable and innovative mobility solutions [6][7]
WeRide Teams Up with Renault to Bring Autonomous Shuttle to Roland-Garros Again
Globenewswire· 2025-06-03 10:21
Core Insights - WeRide partners with Renault Group to provide a Level-4 autonomous minibus shuttle service at the 2025 Roland-Garros tournament, marking the second consecutive year of collaboration [1][2] - The Robobus service has demonstrated safety and reliability in real-world environments, leading to the renewal of the partnership [2] - The service covers a distance of 2.8 km in 12 minutes, operating daily from May 25 to June 8, with added night service from 10 PM to midnight [3][4] Company Developments - WeRide's CEO emphasizes the importance of the European market and the company's commitment to commercializing autonomous mobility solutions [5] - The Robobus is the world's first pre-designed autonomous driving minibus deployed on a large scale, with a presence in nearly 30 cities globally [8] - WeRide has received autonomous driving permits in five markets, including France, and is recognized in Fortune Magazine's 2024 "The Future 50" list [9] Industry Trends - The partnership between WeRide and Renault reflects a growing trend towards the commercialization of autonomous public transport in Europe [6] - The successful operation of the Robobus service at a major sporting event indicates increasing public acceptance and readiness for autonomous mobility solutions [5][6] - The introduction of the night service showcases advancements in technology that allow for safe operation in complex urban environments [4]
Nissan’s contribution to Renault Group’s first quarter 2025 earnings
Globenewswire· 2025-05-13 07:59
Core Viewpoint - Nissan's fourth quarter results for fiscal year 2024/2025 have negatively impacted Renault Group's first quarter 2025 net income by an estimated €2,204 million due to impairments and restructuring costs associated with turnaround initiatives [1][2]. Group 1: Financial Impact - Nissan's contribution to Renault Group's first quarter 2025 net income is estimated at -€2,204 million, reflecting a significant negative impact [1]. - The negative contribution includes necessary impairments and restructuring costs communicated by Nissan on April 24, 2025 [2]. Group 2: Shareholding Structure - Following the sale of Nissan shares by Renault Group and the subsequent buyback, Renault Group's current holding in Nissan stands at 35.71%, with 17.05% held directly and 18.66% in a French trust [3]. Group 3: Renault Group Overview - Renault Group is focused on reinventing mobility through its alliance with Nissan and Mitsubishi Motors, offering sustainable and innovative mobility solutions through its four brands: Renault, Dacia, Alpine, and Mobilize [4]. - The Group aims for carbon neutrality in Europe by 2040 and has sold 2.265 million vehicles in 2024, employing over 98,000 people [5].
Mobilize and Autostrade per l’Italia complete their strategic alliance to power sustainable mobility in Italy
Globenewswire· 2025-05-13 06:30
Core Insights - Mobilize and Autostrade per l'Italia have completed their strategic alliance to enhance sustainable mobility in Italy, focusing on the development of fast-charging infrastructure [2][6]. Group 1: Strategic Alliance Details - Mobilize has acquired a significant stake in Free To X, a leader in the high-power charging (HPC) market in Italy, which operates over 110 charging stations powered by renewable energy [2][6]. - The charging stations can deliver up to 400 kW of power and are strategically located approximately every 50 km along the Autostrade per l'Italia motorway network, exceeding European targets [2][6]. - The partnership aims to accelerate the deployment of charging infrastructure beyond highways, addressing current and future customer needs [2][3]. Group 2: Market Impact and Vision - The alliance is expected to advance the European electric vehicle ecosystem by expanding the network of charging stations, facilitating a smoother transition to electric mobility [3]. - Mobilize's partnership with Free To X provides fast-track access to the Italian EV charging market, allowing Renault Group to generate recurring revenues in the evolving automotive value chain [3][6]. Group 3: Environmental and Operational Achievements - Free To X has achieved over 1,000,000 recharges since 2021 and has avoided 29,500 tons of CO2 emissions during the same period [7]. - The charging stations operate on 100% renewable energy, reinforcing the commitment to sustainable mobility [7].
Renault Group strengthens value sharing through employee share ownership
Globenewswire· 2025-05-09 15:45
Core Points - Renault Group is renewing its employee share ownership plan for the fourth consecutive year, emphasizing value sharing and employee involvement in the company's performance and long-term strategy [1] - Nearly 100,000 eligible employees across 30 countries will receive three free shares, reinforcing the Group's commitment to social responsibility and recognizing employees as key drivers of long-term success [1][7] - Eligible employees in 24 countries can purchase shares at a preferential price of €31.34, reflecting a 30% discount from the reference price of €44.76 [2][7] - For every share purchased, employees will receive three additional free shares, resulting in a total of seven shares for an investment of €31.34, equating to a gross benefit of €281.98 [3][7] - Employee investment is capped at 25% of their estimated gross annual salary for 2025, ensuring a structured approach to participation [3] - As of December 31, 2024, employees held 5.63% of Renault Group's share capital, indicating a growing trend in employee ownership [7] Company Overview - Renault Group operates in 114 countries and sold 2.265 million vehicles in 2024, employing over 98,000 people [5] - The Group is focused on sustainable and innovative mobility solutions, with a commitment to achieving carbon neutrality in Europe by 2040 [6] - The Renaulution Shareplan aims to create an inclusive and participative company model, further enhancing employee engagement and ownership [7]
RCI BANQUE : PLACEMENT OF A 624 MILLION EURO SECURITIZATION BACKED BY GERMAN AUTO LOANS
Globenewswire· 2025-04-30 16:30
Core Insights - Mobilize Financial Services Group has successfully placed a securitization backed by auto loans from its German branch, totaling 624 million euros [2] - The securitization includes 611 million euros of Senior notes and 13 million euros of subordinated notes, rated AAA(sf) / Aaa(sf) and AAA(sf) / Aa1(sf) respectively by DBRS and Moody's [2] Group 1: Securitization Details - The Senior tranche has a weighted average life of 2.95 years and a coupon of Euribor 1 month + 62bps [3] - The subordinated notes have a weighted average life of 4.66 years with a coupon of Euribor 1 month + 90bps [3] - This transaction highlights the diversified financing sources available to the company [3] Group 2: Company Overview - Mobilize Financial Services is a subsidiary of Renault Group, focusing on innovative financial services for sustainable mobility [5] - The company operates in 35 countries with nearly 4,000 employees and financed over 1.3 million contracts in 2024 [6] - As of December 2024, the company reported average earning assets of 55.9 billion euros and pre-tax earnings of 1,194 million euros [6] Group 3: Deposit-Taking Business - Since 2012, the company has developed a deposit-taking business, with net deposits reaching 30.5 billion euros by the end of December 2024, accounting for 50% of its net assets [7]
Highlights of Renault Group's 2025 Annual General Meeting
Globenewswire· 2025-04-30 16:07
PRESS RELEASEApril 30 2025 HIGHLIGHTS OF RENAULT GROUP'S 2025 ANNUAL GENERAL MEETING Renault Group's Annual Shareholders’ Meeting took place today, April 30, in Boulogne-Billancourt. The 24 resolutions submitted to the vote of the shareholders were adopted.This annual meeting was also an opportunity for Jean-Dominique Senard, Chairman of the Board of Directors, and Luca de Meo, Chief Executive Officer of Renault Group, to thank the shareholders for their loyalty and to look back on the four years of R ...
WeRide Obtains France's Level-4 Driverless Permit, Becoming the Only Tech Company with Driverless Permits in Five Countries
Newsfilter· 2025-03-27 11:00
Group 1 - WeRide has obtained France's Level-4 driverless public road testing and operating permit, making it the first technology company globally to hold driverless permits across five countries: China, the UAE, Singapore, France, and the U.S. [1] - The permit acquisition process in France involves multiple government agencies and was completed by WeRide and beti in three months, setting a record for the fastest driverless permit approval in France [2] - With the new permit, WeRide's autonomous minibus can operate at speeds of up to 40 km/h, the highest-speed driverless permit issued in France to date [3] Group 2 - On February 27, WeRide launched Europe's first public-road commercial autonomous minibus service in Valence, France, with plans to introduce fully driverless commercial operations by July 2025 [4] - WeRide has established a strong presence in 30 cities across 10 countries, deploying a fleet of pre-designed, mass-produced autonomous vehicles including robotaxi, robobus, and robosweeper [5] - The company has formed strategic partnerships with industry leaders such as Uber, Renault Group, beti, CTM, Zurich Airport, and Macif to build an open and collaborative ecosystem in autonomous mobility [6]
Josep Maria Recasens succeeds Luca de Meo as CEO of Ampere
Globenewswire· 2025-03-25 07:30
Core Viewpoint - Ampere announces the appointment of Josep Maria Recasens as CEO, succeeding Luca de Meo, effective April 1, 2025, to continue the company's transformation in the electric vehicle sector [1][2]. Company Leadership Changes - Josep Maria Recasens, previously Chief Operations Officer, will lead Ampere, emphasizing the ongoing transformation and ambition to become a benchmark in the European electric vehicle industry [2][3]. - New leadership team members include Marie Ollier as VP of Human Resources and Sandra Gomez responsible for Product Planning and Strategy, indicating a strategic focus on upcoming projects [7][6]. Strategic Goals and Initiatives - Ampere aims to launch the Twingo and the first Software-Defined Vehicle (SDV) in 2026, with a new C-segment electric vehicle lineup planned for 2028 [3]. - The company is targeting a 40% reduction in costs as part of its roadmap to enhance competitiveness in the industry [3]. Company Background - Ampere is positioned as the first European intelligent electric vehicle pure player, focusing on designing, developing, and marketing full electric vehicles with advanced software technology [9].