- Bloomberg
China’s Geely Confirms Saudi Aramco to Buy 10% Stake in Renault JV
(Bloomberg) -- Saudi Aramco will take a 10% stake in an automotive joint venture with France’s Renault SA and China’s Zhejiang Geely Holding Group Co., a smaller commitment than originally signaled by the world’s biggest oil company. Most Read from BloombergGavin Newsom Is Ready for the Biden EmergencyPanicked Emails, Gallows Humor: The Aftermath of Biden's Debate DisasterThe Question on Democrats’ Minds: How to Replace Biden?Biden’s Disastrous Debate Accelerates Doubts Over CandidacySupreme Cou
- Zacks
What Makes RENAULT (RNLSY) a New Strong Buy Stock
RENAULT (RNLSY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- Reuters
Renault sets sights on sporty EVs for profit boost
French automaker Renault presented an electric sports car on Thursday, the first in a planned range of premium EVs, which could help it fight off looming competition from China and grab share in a category outperforming the rest of the market. Better known for its mid- to low-end Renault and Dacia cars, Renault plans to roll out seven electric models under its Alpine sports brand to capture higher margins. The first, the compact Alpine electric A290, is based on the Renault 5, with some features of the Alpine sports car that races in Formula 1.
