- Title: Renault looks for new partners, third quarter revenue falls
- Date: 25th October 2019
- Summary: FRANKFURT, GERMANY (FILE) (REUTERS) ***WARNING: CONTAINS FLASH PHOTOGRAPHY*** RENAULT LOGO ON CAR RENAULT CAR AT FRANKFURT AUTO SHOW RENAULT LOGO RENAULT CARS AT FRANKFURT AUTO SHOW MAUBEUGE, FRANCE (FILE - NOVEMBER 8, 2018) (REUTERS) VARIOUS OF RENAULT CARS ON PRODUCTION LINE WITH WORKERS BOULOGNE-BILLANCOURT, FRANCE (FILE - JANUARY 24, 2019) (REUTERS) RENAULT'S THEN NEWLY APPOINTED CEO, THIERRY BOLLORE AND THEN NEWLY-APPOINTED CHAIRMAN, JEAN-DOMINIQUE SENARD, SHAKING HANDS MAUBEUGE, FRANCE (FILE - NOVEMBER 8, 2018) (REUTERS) THEN CHAIRMAN AND CEO FOR RENAULT, CARLOS GHOSN TALKING TO THEN RENAULT COO, THIERRY BOLLORE BOULOGNE-BILLANCOURT, FRANCE (FILE - JUNE 4, 2019) (REUTERS) VARIOUS EXTERIORS OF RENAULT HEADQUARTERS PARIS, FRANCE (FILE - NOVEMBER 2015) (REUTERS) VARIOUS OF RENAULT CARS DRIVING ON ROAD
- Embargoed: 8th November 2019 09:03
- Keywords: Renault carmaker revenues Q3 results profit warning
- Location: PARIS, MAUBEUGE, BOULOGNE-BILLANCOURT, FRANCE / FRANKFURT, GERMANY
- City: PARIS, MAUBEUGE, BOULOGNE-BILLANCOURT, FRANCE / FRANKFURT, GERMANY
- Country: France
- Topics: Commodities Markets,Economic Events
- Reuters ID: LVA001B2LIGCN
- Aspect Ratio: 16:9
- Story Text: French carmaker Renault is on the hunt for new partners to buy its cars and components as it reported a fall in quarterly revenue and pushed ahead on a strategic review with "nothing off the table."
The review is expected to be completed within a few months and investors are hoping that will allow Renault to turn a page on months of uncertainty after the arrest last year of Renault-Nissan alliance boss Carlos Ghosn.
All aspects of the business - including Renault's longtime, high-profile participation in Formula One motor racing - are being examined, interim CEO Clotilde Delbos told analysts.
Group revenue fell 1.6% to 11.3 billion euros in the third quarter, weighed down by a drop-in production at partners Nissan and Daimler and declining demand for diesel engines which compounded the effects of a slowing global market.
Sales by volume in the quarter were down 4.4%.
(Production: Kathryn Carlson) - Copyright Holder: FILE REUTERS (CAN SELL)
- Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None
