Renault

Renault’s revenue rose by just 1.5% in the third quarter to €11.6 billion; for the first nine months the increase was 7.1%. In its automotive business revenues were flat, while vehicle sales fell 6% in the quarter to just under half a million units. Renault cited strong competition and recorded a higher share of private customers in Europe—almost two-thirds—alongside significantly fewer sales to car rental firms. Finance chief Duncan Minto confirmed the full-year forecast. » More on wiwo.de

Renault warns of new competitors and European manufacturers are reacting to the strong advance of Chinese brands. At the Paris Motor Show, BYD, Zeekr, Denza and the Aito joint venture are prominently represented, often directly next to European stands. The industry is increasingly relying on retreat and protection of the home market, but experts doubt whether that is not already too late. » More on sueddeutsche.de

Renault chief François Provost highlights the growing competition from Chinese manufacturers, who are strongly present at the Paris Motor Show. European automakers see little remaining growth potential in China and are now shaping their strategy to protect their home market. Industry representatives are debating whether these countermeasures are coming in time. » More on sueddeutsche.de