Renault shares jump after state-backed loan deal

French carmaker Renault sealed a state-backed loan totaling $5.6 billion, sparking a big jump in the company’s share price. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: http://reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters … Read more Renault shares jump after state-backed loan deal

Lufthansa to cut jobs after reporting €2.1 billion loss

The German airline group Lufthansa says it will undergo “far-reaching restructuring” after reporting a net loss of €2.1 billion in the first three months of the year. The changes will include job cuts at its Brussels Airlines and Austrian Airlines brands. Lufthansa’s board agreed on Tuesday to a €9 billion German government rescue loan to … Read more Lufthansa to cut jobs after reporting €2.1 billion loss

Renault job losses: French automaker suffers a slump in demand

French automaker Renault will slash 15,000 jobs worldwide, in a bid to save billions of dollars. Renault has struggled with plummeting car sales because of coronavirus lockdowns, the transition to more electric car production and the fallout from the arrest in 2018 of its former boss, Carlos Ghosn. Al Jazeera’s Natacha Butler reports from a … Read more Renault job losses: French automaker suffers a slump in demand

Renault job cuts: Carmaker says 15,000 jobs to be cut worldwide

The car manufacturer Renault has announced nearly 15,000 job losses worldwide, including 4,600 in France. Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN Visit our website: http://www.france24.com Subscribe to our YouTube channel: http://f24.my/youtubeEN Like us on Facebook: https://www.facebook.com/FRANCE24.English Follow us on Twitter: https://twitter.com/France24_en

Coronavirus pandemic: Renault prepares for 15,000 job cuts worldwide

French carmaker Renault said on May 29 it was launching talks with unions to restructure some plants and potentially close others as it confirmed plans to cut around 15,000 jobs worldwide to ride out a slump in sales. FRANCE 24’s James Andre tells us more. Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news … Read more Coronavirus pandemic: Renault prepares for 15,000 job cuts worldwide

Renault to Cut 14,600 Jobs Worldwide

May.29 — Renault SA is cutting about 14,600 jobs worldwide, about 8% of all roles. The French car maker will also lower production capacity by almost one-fifth in a bid to outlast the downturn rocking the global auto industry. The car maker hopes the plan will save the company 2 billion-euros over three years. Bloomberg’s … Read more Renault to Cut 14,600 Jobs Worldwide

Faltering Renault set to lay off 15,000 employees worldwide

French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with faltering sales, a representative for the CFDT union said after meeting with the company. Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN Visit our … Read more Faltering Renault set to lay off 15,000 employees worldwide

What future for cars? Covid-19 sparks calls for switch to electric

Can #Europe’s carmakers trade in their old #business model without crushing jobs? As #Renault talks of plant closures, François Picard’s panel examines conditions for a €5 billion bailout from the state and whether what many consider an overdue reckoning for the industry will indeed accelerate the switch to electric vehicles. “Industrial sovereignty” becomes the buzzword … Read more What future for cars? Covid-19 sparks calls for switch to electric

Political hot potato: Ghosn saga rebounds with FBI arrest of alleged accomplices

Did Japan really truly want the FBI to proceed with arrests of two former Green Berets accused of aiding and abeting Carlos Ghosn’s escape to Lebanon? The demise of the Nissan-Renault boss has left political scars for the leaders of Japan and France. Now The Daily Beast’s Jake Edelstein & Christopher Dickey wonder if Donald … Read more Political hot potato: Ghosn saga rebounds with FBI arrest of alleged accomplices

China’s Hong Kong move, Merkel’s EU debt-sharing game changer, Renault’s woes, Ghosn’s accomplices

From China’s move to tighten the screws on Hong Kong’s special status to what could be a legacy moment for Angela Merkel as Germany agrees to share the EU’s debt burden, François Picard’s panel goes from Paris to Rome and Tokyo in The World This Week. Also, how to navigate Paris’s sidewalks when cars return … Read more China’s Hong Kong move, Merkel’s EU debt-sharing game changer, Renault’s woes, Ghosn’s accomplices

French government announces ‘historic’ €7 billion aid package for Air France-KLM

France said on Friday it was readying a “historic” package of multi-billion euro loans to help carmaker Renault and flag-carrier Air France through the crisis caused by the coronavirus. Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN Visit our website: http://www.france24.com Subscribe to our YouTube channel: … Read more French government announces ‘historic’ €7 billion aid package for Air France-KLM

Coronavirus Italy: ‘He stayed two days in the hospital and then he died’ – BBC Newsnight

Umberto Falchetti, who for many years was the guiding force at car parts supplier MTA in Italy, died after a short battle with coronavirus. Subscribe to our channel here: https://goo.gl/31Q53F MTA, short for Meccanotecnica Codognese, makes electronic and electromechanical components supplied to BMW, Fiat Chrysler Automobiles, PSA Group and Renault. The company was founded in … Read more Coronavirus Italy: ‘He stayed two days in the hospital and then he died’ – BBC Newsnight

Global automakers put brakes on production

Global automakers are putting the brakes on their operations as the coronavirus pandemic continues to spread around the world. They’re doing that by taking such extreme measures as halting production and closing plants. More than eight international carmakers including Volkswagen, Ford, and Renault so far have temporarily suspended their operations in Europe. Subscribe to us … Read more Global automakers put brakes on production

Cole and Brown take on Richards and Lescott in the ULTIMATE Manchester Derby Quiz!

SUBSCRIBE ► http://bit.ly/SSFootballSub PREMIER LEAGUE HIGHLIGHTS ► http://bit.ly/SkySportsPLHighlights Andy Cole and Wes Brown take on Micah Richards and Joleon Lescott in the ultimate Manchester Derby quiz ahead of Sunday’s meeting between the two sides. Watch Premier League LIVE on Sky Sports here ► http://bit.ly/WatchSkyPL ►TWITTER: https://twitter.com/skysportsfootball ►FACEBOOK: http://www.facebook.com/skysports ►WEBSITE: http://www.skysports.com/football MORE FROM SKY SPORTS ON … Read more Cole and Brown take on Richards and Lescott in the ULTIMATE Manchester Derby Quiz!