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Renault Group's sales profits both declined in the third quarter.

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)10/26 Report--

On Oct. 25, Renault reported third-quarter revenue of 11.296 billion euros, down 1.6% from a year earlier; global sales fell 4.4% to 852198 vehicles. Among them, Dongfeng Renault sold only 606 vehicles in September, down 42.3% from the previous month and 76.1% from a year earlier. Sales totaled 11917 vehicles from January to September, down 73.43% from the same period last year.

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Renault said that Renault's production, performance, sales and profits fell to varying degrees due to falling demand for diesel vehicles, reduced Nissan production and a slowdown in the global car market. Its sales are expected to fall by 3% and 4% this year. Because of the volatile third-quarter results, Renault said its operating margin target was adjusted to 5 per cent, compared with its previous target of 6 per cent.

Renault makes cars not only in its own factories, but also for Daimler and Nissan, as well as diesel generators for other carmakers. Due to the decline in sales of Nissan and Daimler and the deterioration of the reputation of diesel vehicles in the market because of the "emissions scandal", Renault's sales and performance fell. In addition, the arrest of former CEO Ghosn also had a negative impact on Renault.

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Relations between Nissan and Renault were strained in November when Ghosn, the former chairman of Nissan, was arrested for underreporting personal compensation in violation of the Financial Commodities Trading Act.

In order to promote the relationship between Renault and Nissan, after Renault took over as CEO of Nissan, Renault also laid off the former CEO Bollore and appointed Delbos, the first financial officer, to take over the post of interim CEO. Renault is hoping to restart some stalled joint industrial projects as a first step.

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Renault plans to launch new models such as the Clio mini to give it room for manoeuvre on price.

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In addition, Dongfeng Renault's new SUV Coreline is also officially on the market, with a new car price of 9.98-144800 yuan. The Corey can be regarded as the domestic model of the imported card, and its positioning is lower than that of Coreja. The new car uses the latest family design, the interior uses a combination of brown and black design, power is the biggest highlight of the Corey, this new 1.3L in-line four-cylinder turbocharged engine, code-named HR13DTT, jointly developed by Renault-Nissan-Mitsubishi Alliance and Daimler, with a maximum output power of 156hp, peak torque 270Nm, matching Mercedes-Benz 7-speed wet double-clutch transmission The official acceleration time of 100km is 8.7s and the fuel consumption of 100km is 5.6L, which is eye-catching enough for a small SUV.

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