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French carmaker

Renault to invest $377mn in Brazil

Renault to invest $377mn in Brazil

SAO PAULO: French carmaker Renault SA said it will invest 2 billion reais ($377.12 million) in Brazil for the...
Published 01 Jul, 2022 06:57pm
Renault hoping to make more money from its Arkana model
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
Citroen hopes new C5 X large sedan will help inspire sales revival
Business & Finance

Citroen hopes new C5 X large sedan will help inspire sales revival

  • Citroen, part of the Stellantis group created earlier this year from the merger of PSA Group and Fiat Chrysler, said on Monday it will manufacture the C5 X in the city of Chengdu in China.
  • The C5 X - the first new vehicle to be launched since Stellantis was formed in January - will go on sale in the second half of the year in China and European markets. It will be available in both petrol and plug-in hybrid versions.
Published 12 Apr, 2021 07:15pm