|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||34.54 - 35.11|
|52 Week Range||12.77 - 43.99|
|Beta (5Y Monthly)||2.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 19, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 30, 2020|
|1y Target Est||84.17|
Information concerning the total number of voting rights and shares, provided pursuant to article L. 233-8 II of the Code de commerce (the French Commercial Code) and the Article 223-16 of the Règlement général de l’Autorité des marchés financiers (Regulation of the French stock market authority) Company name of the issuer: Renault SA 13/15 quai Alphonse Le Gallo 92100 Boulogne-Billancourt (ISIN code FR0000131906 – RNO)Date Total number of issued shares Total number of voting rights October 30, 2020 295,722,284 Theoretical total number of voting rights(1): 398,730,923 Exercisable number of voting rights(2): 305,476,038 (1) Number calculated on the basis of all shares to which voting rights are attached, including shares for which voting rights cannot be exercised, according to Article 223-11 of the Règlement général de l’Autorité des marchés financiers.(2) Number of voting rights exercisable at general meetings is equal to the theoretical number of voting rights (total number of voting rights attached to the shares) less voting rights attached to shares for which voting rights cannot be exercised.Attachment * 10 - October 30, 2020 - information relating to voting rights
(Bloomberg) -- Renault SA is pushing ahead with plans to cease vehicle production at a plant outside Paris despite union opposition and government pressure to keep manufacturing in France.“We’re facing up to reality,” Chairman Jean-Dominique Senard said Wednesday after meeting with labor representatives at the Flins plant that’s made 20 different models over almost 70 years. “We all know that the status quo is no longer possible. We need to reinvent Flins.”The Flins factory, which makes the best-selling Zoe electric vehicle and the Nissan Micra, will transform by 2024 into a site to recycle and retrofit cars and batteries, Renault said in a statement. While production of the Zoe will continue until then, Renault will then consolidate EV output in France at its plant in Douai, where the electric Megane will be made.Renault executives are treading carefully in the company’s home country due to pressure from President Emmanuel Macron to keep production and research in France in exchange for financial backing from the state to get through the pandemic. Macron delayed a 5 billion-euro loan guarantee to the carmaker earlier this year until it had agreed with unions about two northern factories.“Flins should continue to produce new cars alongside other activities,” CGT union representative Jean-Francois Pibouleau said by phone.Read more: Macron Pledges Additional Stimulus to Help French CarmakersThe CFDT union is urging Renault to reconsider cutting jobs at the site and shifting production to Douai. As many as three quarters of the EVs the carmaker sells in its home country will be built elsewhere five years from now, according to the union.“Renault can’t destroy production capacity in France while at the same time benefit from state support,” it said in a statement. “We won’t accept it.”The conversion of Flins is a key part of a broader overhaul Renault has said will lead to roughly 4,600 staff departures in France, including at its engineering division. The loss-making carmaker is aiming to eliminate a total of about 14,600 jobs worldwide and lower production capacity by almost a fifth to cut costs by more than 2 billion euros.Maintaining EV production in France “is a bet that isn’t won yet,” Senard said. Renault will make its no-frills Dacia Spring model in China.“We want to remain at the cutting edge of this technology,” CEO Luca de Meo said. “We’ve already shown we can be successful.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Renault will stop assembling new cars at its Flins factory outside Paris and turn the site into a research, recycling and repair centre by 2024 in a move set to save full-time jobs at the plant, the company said on Wednesday. "The status quo was no longer possible, we had to be lucid about this," Renault Chairman Jean-Dominique Senard told an online news conference after meeting with unions at Flins, flanked by new Chief Executive Luca De Meo. Renault, which had been struggling with waning profitability and sales before the coronavirus pandemic hit, has this year announced 4,600 job cuts in France as part of a 2 billion euro ($2.4 billion) cost savings plan.