Renault Stock News

Shares in Europe's traditional automakers got a boost from earnings this week, but ​a full recovery remains elusive as shifting markets and waning competitiveness cloud the sector's long-term prospects.

The French carmaker maintained full-year guidance but said the regular seasonal uplift was expected to be less pronounced than usual due to higher raw material costs and inflation

Renault Group has agreed to sell Alpine Racing ​SAS, the Formula One ‌engine operation at its historic Viry-Châtillon site near Paris, to ​Belgian powertrain specialist Dumarey ​Group, preserving 150 jobs after ⁠the French carmaker decided in ​2024 to end its ​works F1 engine programme.

Renault Group ​will invest more than €10 billion ($11 billion) in ‌France over the next five years in electric vehicles and more affordable cars, Chief Executive François Provost said on Saturday.

Automakers Renault and ​Geely said on Tuesday they ‌will make a new €319 million investment in Brazil, through their joint venture, reinforcing ​their industrial partnership in the ​largest Latin American market, where rival ⁠BYD has been gaining ground with ​its affordable pure electric and plug-in ​hybrid models.

Renault on Thursday unveiled its new Niagara pickup truck, a model that would look out of ​place on the streets of Paris but is central ‌to the French automaker's growth strategy in Latin America.