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Renault

Renault must keep cutting costs to make its best products by 2023/25

LUDWIGSBURG: Renault CEO Luca de Meo said on Tuesday the company had to keep lowering costs in order to simplify the...

Updated 09 Nov, 2021 06:46pm

Business & Finance

Renault forecasts production fall on shortages

PARIS: Renault expects to manufacture around 500,000 fewer vehicles than anticipated this year due to a global...

Published 25 Oct, 2021 05:35am

Business & Finance

Renault sees bigger production hit from chip shortage

PARIS: French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage...

Published 21 Oct, 2021 04:38am

Business & Finance

Renault sees bigger production hit from chip shortage

PARIS: French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage...

Published 20 Oct, 2021 05:04pm

Markets

Renault CEO warns of bigger price jump ahead as costs soar, Expansion reports

MADRID: Luca de Meo, the recently appointed CEO of French carmaker Renault, said a shortage in semiconductors and...

Published 07 Oct, 2021 01:12pm

Business & Finance

Renault to explore hybrid vehicles with Geely

China has some of the world's strictest rules regarding the production of greenhouse gas-emitting vehicles, as it battles unhealthy levels of air pollution in its crowded cities

Published 09 Aug, 2021 10:55am

Business & Finance

Renault locks in lithium supply from Vulcan Energy in five-year deal

Vulcan is backed in part by Hancock Prospecting, led by Executive Chairman Gina Rinehart, one of Australia's leading investors

Published 02 Aug, 2021 10:07am

Business & Finance

Renault forecasts 2021 profit despite global chip shortage

After posting a drop in car sales for five consecutive quarters, Renault's sales for the first half of 2021 rose 18.7%

Published 30 Jul, 2021 11:10am

Business & Finance

Fiat-Chrysler also charged in French 'dieselgate' case

The automaker joins Volkswagen, Renault, Peugeot and Citroen over allegations they deceived customers over emissions produced by their diesel vehicles.

Published 13 Jul, 2021 06:52pm

Business & Finance

Renault's HYVIA hydrogen venture to sell products throughout Europe

The HYVIA venture added in a statement on Tuesday that it would offer a range of three fuel-cell powered Master Large Van models by the end of 2021.

Published 06 Jul, 2021 07:03pm

Business & Finance

Renault goes back to the future in an electric acceleration

Renault said this month it would combine three of its plants in northern France into a new legal entity, Renault ElectriCity, that will produce 400,000 vehicles a year by 2025

Published 30 Jun, 2021 03:06pm

Business & Finance

Renault seals electric car battery deals with Envision, Verkor

The combination of these two partnerships with Renault ElectriCity will create nearly 4,500 direct jobs in France by 2030, while developing a robust battery manufacturing ecosystem in the heart of Europe.

Published 28 Jun, 2021 12:19pm

Business & Finance

Renault-Nissan rejig how they manage Daimler partnership

Alliance-level job in charge of Daimler ties to be scrapped.
Firms to manage relations with Daimler bilaterally.
Partnership has not met initial hopes, but still has projects.

Published 24 Jun, 2021 07:37pm

Business & Finance

Renault to combine three French plants for electric vehicles hub

The new company will include the Douai car assembly site, the Ruitz gearbox manufacturing site and the Maubeuge commercial vehicles assembly plant from Jan. 1, 2022.

Published 03 Jun, 2021 08:20pm

Business & Finance

Renault hoping to make more money from its Arkana model

Renault said it was aiming to raise the average turnover per unit of its Arkana model to 30,000 euros ($36,153), from 15,000 euros at present.
Renault is looking to produce fewer cars and focus on those with higher margins, and this strategy is starting to bear some fruit despite weak overall results.

Published 06 May, 2021 05:33pm

Business & Finance

Nissan to sell entire Daimler stake for $1.4 billion

Its industrial cooperation with Daimler remained unchanged, the company said, adding: "The two groups continue to collaborate in several areas."

Published 05 May, 2021 11:14am

Business & Finance

France's Renault scraps investment in new diesel engine

Auto groups are accelerating an overhaul away from diesel and into electric cars, encouraged by more stringent rules on pollution and emissions and growing consumer demand for greener vehicles.

Published 23 Apr, 2021 08:46pm

Business & Finance

Renault first-quarter sales close to 2020 level

Globally, Renault sales rose slightly, pulled by utility vehicles and Dacia, which successfully rolled out a new version of its popular Sandero model.

Published 22 Apr, 2021 12:44pm

Business & Finance

Renault sees its electric, hybrid car sales doubling

PARIS: France’s Renault expects its sales of electric and hybrid cars to more than double to 350,000 in 2021, two...

Updated 22 Mar, 2021 09:44am

Markets

European stocks rally

MILAN/LONDON: European stocks rose for a third straight session on Wednesday on hopes of a rebound in economic ...

Published 04 Mar, 2021 04:58am

Business & Finance

2 Americans handed to Japan over Ghosn's escape

Ghosn, who was a global business superstar when his career came crashing to an end, fled Japan while out on bail facing financial misconduct charges.

Published 02 Mar, 2021 11:17am

Business & Finance

Battling Covid collateral damage, Renault says 2021 will be volatile

We are in the midst of a battle to try to manage a difficult year in terms of supply chains, of components.
This is all the collateral damage of the Covid pandemic... we will have a fairly volatile year.

Published 19 Feb, 2021 06:09pm

Business & Finance

Renault, Daimler in talks to develop next generation large van

The pair could team up in some capacity to work on the next generation of Renault Master vans.
Demand for vans of all sizes has jumped amid the COVID-19 pandemic, fuelled by ecommerce deliveries as people have ordered more goods from home during lockdowns.

Published 02 Feb, 2021 06:46pm

Business & Finance

New Renault boss plans leaner, electric future

Targets 3 bln euros in cost savings by 2025.
To cut car output to 3.1 mln by 2025 vs 4 mln in 2019.
Operating margins to reach 5% by 2023.
Renault attempting to turn around Nissan alliance.

Published 14 Jan, 2021 08:14pm

Markets

European stocks flat despite rise in cyclicals

The regional STOXX 600 index closed up 0.05pc after a mixed session, while Germany's DAX rose 0.1pc, France's CAC inched 0.2pc lower and Britain's FTSE 100 fell 0.7pc.

Published 12 Jan, 2021 11:55pm

Business & Finance

Renault 2020 sales slump on pandemic

Renault continued to dominate the European electric car market last year with sales of 115,888 vehicles, up more than 101 percent.

Published 12 Jan, 2021 05:40pm

Business & Finance

Renault says sales fell 21% in 2020, but turnaround on track

Like its Japanese alliance partner Nissan, Renault is rowing back on an aggressive expansion plan pursued by Carlos Ghosn, its former boss-turned-fugitive.

Published 12 Jan, 2021 02:32pm

Business & Finance

Nissan Motor to reduce presence in Europe as part of turnaround plan

Nissan will cut its distribution channels in thirty countries, mainly in East Europe.
The Japanese motor company is currently moving its operations away from Europe and shifting its focus to China, the United States, and Japan.

Published 01 Jan, 2021 07:31pm

Business & Finance

Ghosn case haunts Japan a year after shock escape

Ghosn is currently beyond the reach of the Japanese courts and leads a comparatively quiet life, mostly in his Beirut home, though he recently released a book setting out his side of his case.

Published 28 Dec, 2020 11:06am

Business & Finance

France's Renault draws down part of state-backed loan

Jean-Dominique Senard did not detail how much of the loan Renault had tapped, but added that the group had ample liquidity.
There will not be a single euro of public money used for Renault, I'm stating this clearly, unless the world collapses.

Published 16 Oct, 2020 01:16am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 20	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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