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Under the double impact of the continuous shrinkage of the global automobile market and the epidemic situation of COVID-19, the global automobile enterprises are bound to be affected to a certain extent. The Renault brand, which decided to stop selling fuel models because of the poor performance of the Chinese market, seems to have been affected by overseas markets, and will adopt cost-cutting plans to achieve the company's stable development.
When China has become the world's largest single car market and has become the main strategic market for many multinational car companies, even the shrinking PSA Group insists that no car company is willing to give up on this huge market. The Renault brand, which announced its withdrawal from the Chinese market in the first half of this year, announced a few days ago that it would return to the Chinese market.
According to foreign media reports, Renault is considering closing four factories and cutting five models across France in order to restructure the business so as to cut costs by 2 billion euros. According to the report, the closed factories include two vehicle factories and two parts factories, including the Flins plant in Paris and the Dieppe plant in northern France. The two parts factories include the Choisy-le-Roi parts factory in Paris and the Morbihan foundry in western France. A closed worker.
According to foreign media reports, French carmaker Renault will cut 15000 jobs worldwide, accounting for 10% of its total workforce, as part of Renault's plan to cut costs by 2 billion euros over the next three years. At the same time, Renault unveiled a recovery plan to boost profitability and respond to falling sales as part of a restructuring plan. Against the backdrop of the declining car market, Renault's financial situation is not optimistic. According to the financial report, Renault's operating income in 2019 was 55.54 billion euros, down 3.3% from the same period last year; net profit was 19 million euros, with a net profit loss of 141 million euros compared with last year.
On April 14, Renault Group announced a new strategy in the Chinese market. It is understood that the future Renault Group's business in China will focus on light commercial vehicles and electric vehicles, which will constitute the two pillars of its business in China in the future. As for the traditional fuel vehicle business, Renault Group has reached a preliminary agreement with Dongfeng Automobile Group Co., Ltd. to transfer the shares held by Renault Group in Dongfeng Renault Motor Co., Ltd. to Dongfeng Automobile Group Co., Ltd. According to the announcement issued by Dongfeng Motor, due to the decline of the domestic automobile market and the operating conditions of Dongfeng Renault, shareholders plan to reorganize Dongfeng Renault.
On August 9, Zhejiang Geely Holdings Group (hereinafter referred to as "Geely Holdings") announced that it had signed a memorandum of understanding with Renault Group (hereinafter referred to as "Renault") to establish a long-term partnership. In China, the two sides will jointly develop Renault-branded hybrid models based on Geely Holdings' platform technology. In South Korea, the two sides will cooperate based on the Lectra energy-saving platform to jointly develop models suitable for the Korean market. Geely Renault said that the cooperation between the two sides will reflect Geely holding Group's open strategy to its vehicle architecture, and will also accelerate the landing of Renault Group's "Renaulution plan" in these two markets. There is.
According to the latest media reports, the Renault brand will return to the Chinese market as imported cars and embrace Chinese consumers. It is understood that Garage (China) Network Technology Co., Ltd., a Chinese parallel imported car company, carried out authorized cooperation with Renault Korea Automobile Co., Ltd. (RKM) and took the lead in introducing Coreao into the Chinese market.
More than 90 dealers in Dongfeng Renault across the country are struggling and have twice sent letters to Dongfeng Renault and Renault (Beijing) asking Dongfeng Renault and Renault (Beijing) to compensate dealers across the country for the losses caused by unilateral breach of contract. The claim amount is said to be as high as 1.4 billion yuan.
Another car company announced a change of bid. On March 15, Renault released a new brand logo on its official WeChat. The new Renault logo uses a flat design, changing from the original three-dimensional design style to two-dimensional graphics, and the new Renault logo is made up of only two diamond-shaped broken lines. Officials say the new Renault logo will gradually be applied to Renault models and will appear in all new models to be launched next year, with a new logo on all Renault models by 2024. In fact, the new Renault logo was exposed a long time ago. In early January this year, Renault unveiled the mine for the first time when it released its Renaulution strategic plan.
On January 30, Nissan announced that after months of constructive discussions with Renault, the two sides had reached a restructuring agreement to reshape their 20-year alliance, which would then be reviewed and formally decided at a board meeting. In addition to the above deal, Nissan will also invest in Renault's new electric vehicles
Renault CEO Luca de Mayo (Luca de Meo) will hold talks with Nissan CEO Makoto Uchida this weekend to discuss Renault's plans to sell its internal combustion engine business to Chinese carmaker Geely Holdings, the Financial Times reported. People who know about it are transparent.
After all, it failed to make it through 2021, and brilliance Renault Gold Cup Co., Ltd. filed for bankruptcy just one day before the end of 2021. On December 30th, according to the information of the national enterprise bankruptcy reorganization case information network, brilliance Renault Gold Cup Co., Ltd. filed for bankruptcy, the case number is (2021) Liao 01 Breaking Shen 24, and the handling court is the Shenyang Intermediate people's Court of Liaoning Province. both the applicant and the applicant are brilliance Renault Gold Cup. However, brilliance Renault Gold Cup today is no accident, according to Tianyancha APP information, brilliance Renault Gold Cup has been listed as the executor many times this year, a total of executees.
According to media reports, on the afternoon of January 21, Renault Group and Geely Holdings Group (hereinafter referred to as "Geely") announced that they had signed an agreement to form a joint venture company to develop, produce and sell Renault-branded fuel vehicles and smart hybrid vehicles in South Korea based on Geely's CMA architecture and hybrid technology, and exported to markets outside South Korea. So far, the two sides have not made it public. The new product will adopt the modular architecture of Geely Holdings Group CMA, while taking advantage of Renault's forward-looking technology, styling design and user experience, the Financial Associated Press reported.
On March 23, French carmaker Renault announced a suspension of all activities at its Russian plant in Moscow, while Renault said in a statement that it had lowered its 2022 performance forecast. Renault expects an operating profit margin of about 3% in 2022. Previously forecast to be more than 4%; this year's car business will achieve positive free cash flow, which had been expected to exceed 1 billion euros ($1.1 billion) of free cash flow. Renault also said it was evaluating the options for its Russian joint venture, Avtovaz, and would be accountable to 45000 Russian employees. In the statement, Renault Group.
Today, Geely announced that its subsidiary Centurion Industries Limited (CIL) signed a share subscription agreement with Renault Korea Motor, agreeing to subscribe for 45.375 million shares of Renault Korea Motor for 1.376 billion yuan.
According to several media reports, Geely Automobile and France's Renault Group will soon announce the landing of a new partnership. South Korea's Renault assembly plant will produce Geely's Lecker 01 hybrid model. Geely can push into new markets by considering the possibility of bringing Korean-made cars into the US market duty-free.
After months of negotiations, Nissan Renault's restructuring of the alliance is finally coming to an end. On February 6th, Renault and Nissan announced that they had formally reached a framework agreement for alliance restructuring, with the two companies holding 15% of each other's shares and voting rights respectively. According to the restructuring agreement, Renault's shareholding in Nissan has increased from 43.
According to foreign media reports, French Finance Minister Luno Lemerre said that in order to promote the alliance between Renault and Nissan, it would reduce its 15 per cent stake in Renault. In the face of foreign media interviews, French Finance Minister Luno Lemerre said: "We can reduce the government's stake in Renault." As long as we have a stronger auto industry at the end of the process and a stronger alliance between the two major carmakers Nissan and Renault, this will not be a problem. " France, as Renault's largest shareholder, owns 15% of Renault.
The share of French cars in China's auto market fell to 0.7% in 2019, a new low, compared with 1.7% last year. Sales of French car companies represented by PSA Group plummeted, and Renault, another French giant, also fell into the doldrums and almost disappeared from our field of vision. As for the current situation of Renault, Fulan, senior vice president and chairman of Renault Group at the Chengdu Auto Show, said in an interview with the media, "the biggest challenge Renault faces in the Chinese market is not product problems, but popularity." He also believes that Renault is just in its infancy in the Chinese market, and brands lack of consumption for young Chinese.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
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All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
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