Renault Stock News

Renault Chairman Jean-Dominique Senard is to step down from Nissan's board of directors, the Japanese automaker said on Thursday, as the company tackles its declining performance.

Renault stock price has pulled back in the past few weeks as concerns about Donald Trump's trade war have escalated. It retreated to a low of €42 on Friday, down by 22% from its highest point this year.

Ten car manufacturers, including BMW and Ford , and two trade bodies have reached a settlement with the UK's competition regulator to pay 77.7 million pounds ($100.43 million) in a fine after admitting to breaking competition law in relation to vehicle recycling, Competition and Markets Authority said on Tuesday.

The deal lowers the minimum required voting stake they must hold in each other to 10%, from 15%.

Automakers Renault and Nissan said on Monday they had agreed to further amend their long-standing partnership to allow for a reduction in their cross-shareholdings to 10%, down from 15% previously.

Renault Group said on Monday it would acquire the remaining 51% shareholding in Renault Nissan Automotive India Private Ltd, currently held by Nissan Motor Corp , taking complete ownership of the manufacturing plant.

Renault Group will cut 300 jobs at a van factory in northern France, the carmaker said on Tuesday, responding to slowing European demand for commercial vehicles in the face of growing economic uncertainty.

French carmaker Renault said on Tuesday it was taking note of Nissan's announcement that Ivan Espinosa, its chief planning officer, would take the helm from April 1, succeeding Makoto Uchida as leader of the troubled Japanese carmaker.