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Renault SA - Stock Quote RNO

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Morningstar's Renault SA Stock Analysis

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Renualt Turnaround Detoured by Ukraine Crisis, Chip Shortage, COVID-19, but Will Reach Destination

Richard Hilgert Senior Equity Analyst

Business Strategy and Outlook

| Richard Hilgert |

Renault owns 43.7% of Nissan, while Nissan owns roughly 15% of Renault and 34% of Mitsubishi. The alliance is structured as a partnership, with each company operating as an individual entity. Combined, the alliance stands as one of the largest global automakers. The companies benefit from increased scale, purchasing power, and the ability to share vehicle technology and platforms. The group is governed by the alliance board of Renault-Nissan BV, which is 50% jointly owned by Renault and Nissan. Boardroom and management upheaval from the Carlos Ghosn scandal was a huge distraction for the alliance. Renault installed Jean-Dominique Senard (formerly in charge of Michelin) as chairman. The company hired Luca de Meo as CEO (former head of SEAT), who started on July 1, 2020.

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Renault SA's Company Profile

Business Description

Renault possesses a global alliance of automotive manufacturing, financing, and sales operations. The company's alliance partners consist of AvtoVAZ (67.7%), Dacia (99.4%), Nissan (43.7%), Renault Samsung Motors (80.0%), and Mitsubishi (Nissan owns 34%). Total 2021 Renault-Nissan-Mitsubishi alliance sales volume of 7.9 million vehicles makes the alliance the third-largest vehicle group in the world, behind Toyota at 10.5 million and Volkswagen at 8.6 million vehicles sold.

Contact
13-15, quai Le Gallo, Boulogne
Billancourt, 92100, France
T +33 176840404
Sector Consumer Cyclical
Industry Auto Manufacturers
Most Recent Earnings
Fiscal Year End Dec 31, 2021
Stock Type
Employees 156,466

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