|Bid||37.49 x 0|
|Ask||37.66 x 0|
|Day's Range||37.78 - 37.78|
|52 Week Range||31.10 - 43.53|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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PARIS (Reuters) -Renault said on Thursday it aims to cut the production costs of its cars by as much as 50% in the next four years including by increasing the use of digital and artificial intelligence technology. Renault said that, between now and 2027, it would aim to cut its production costs per vehicle by 30% for internal combustion vehicles, and by 50% for electric vehicles. The carmaker also wants to reduce vehicle development times to two years from three years, it said in a statement.
PRESS RELEASE7 December 2023 EN - 20231207 - Renault Group - Press Release - Re Industry WITH RE-INDUSTRY, RENAULT GROUP IS LAUNCHING AN AMBITIOUS PLAN TO TRANSFORM ITS INDUSTRIAL BASE Renault Group is launching a plan to fundamentally transform its industrial base. Between now and 2027, it is seeking to cut production costs per vehicle by 30% for internal combustion vehicles and 50% for electric vehicles.Renault Group’s Industrial Metaverse will play a key role in the transformation, enabling t
Renault hopes it can lift the curse of its negative value next year thanks to the creation of two specialised businesses, Ampere and Horse, and its revamped alliance with Nissan and Mitsubishi, several top executives said. Although the French automaker sold more than two million vehicles last year and posted record profits for the first half of 2023, investors effectively are valuing the company's core business at less than zero. Renault's 12-month forward price-earnings ratio - a key metric for valuing shares - is 2.8, the lowest among European carmakers.