Gilles Guillaume

France's Renault has ended a project with Valeo to develop a new rare-earth-free electric vehicle motor and is looking instead for a cheaper Chinese supplier, two sources familiar with the matter told Reuters.

Renault unveiled its new electric Twingo small car on Thursday as the French automaker seeks to leverage a popular old model name and a price tag of under 20,000 euros ($23,000) to boost its electric vehicle sales.

The European Commission aims to announce the creation of a new category of affordable small electric cars in December in an effort to counter Chinese competition and revive the European market, an EU commissioner said on Tuesday.

Renault boss Francois Provost said on Tuesday no carmaker in Europe can meet emission targets on vans or cars by 2030, calling for flexibility on the European Union's CO2 targets.

When French carmaker Renault and China's Geely (GEELY.UL) carved out their combustion-engine operations in 2022, the venture looked like a footnote to an outdated technology. Now, Horse Powertrain has a new lease of life.

Shares in Michelin fell as much as 11% on Tuesday, to their lowest in almost three years, after the tire maker cut its forecast for full-year income more than expected due to weak business conditions in North America.

Shares in French tyremaker Michelin fell 4.5% on Thursday to a six-month low after analysts cut estimates for full-year results due to weaker than expected third quarter sales volumes. Michelin shares were down 4.4% to 29.3 euros ($34.02) at 0740 GMT, the lowest since early April, following updates by analysts after a call with the company on Wednesday. "Volume estimates for 2025 have been revised down to -4.8%, reflecting weaker trends in truck tire demand in the United States," Kepler Cheuvreux wrote in a note. During the call, Michelin said the replacement tyre market had been less dynamic in the third quarter than in the first half, mostly due to lower import momentum into North America and Europe ahead of tariffs and duties, analysts said. The company also said that in Europe, tyres sold to automakers for new cars remained on a downward trend, reflecting the sluggish European car market. Overall, the sequential improvement in tyres compared with second quarter was softer than originally thought, while th

Renault's low-cost brand Dacia on Monday unveiled a prototype electric mini-car that could cost less than 15,000 euros ($17,625), potentially providing a competitive alternative to low-cost Chinese electric vehicles.

French-Italian-American automaker Stellantis , is planning to invest about $10 billion in the United States, Bloomberg News reported on Saturday, citing people familiar with the situation.

Stellantis unveiled an electric vehicle prototype on Friday featuring a faster-charging, lighter and more affordable battery that eliminates the need for a separate inverter and charger.

Mitsubishi will start selling the new Eclipse Cross, its first fully electric SUV for Europe and the first to be made using Renault's electric vehicle architecture, by the end of the year, the company said on Tuesday in a joint statement with Renault and alliance partner Nissan.

China's Leapmotor launches EV hatchback at Munich car show, boosting European lineup

Renault unveiled the sixth generation of its popular Clio hatchback on Monday at the Munich car show, its biggest overhaul in 13 years.

Franco-Italian carmaker Stellantis will no longer pursue a target of producing only electric vehicles by 2030, said Jean-Philippe Imparato, head of enlarged Europe, on Monday, adding that other goals in its upcoming strategic plan known as 'Dare Forward" may remain.

Renault expects its operating margin to rebound in the second half, its finance chief said on Thursday, as a first half net loss due to a Nissan writedown and tough market conditions highlighted the challenge facing its new CEO Francois Provost.

Renault named Francois Provost as CEO on Wednesday, opting for a low-profile insider to steer the French carmaker through growing competition and weak demand that triggered a profit warning earlier this month.

Renault named Francois Provost as CEO on Wednesday, opting for a low-profile insider to steer the French carmaker through growing competition and weak demand that triggered a profit warning earlier this month.

Renault named Francois Provost, its chief procurement officer, as CEO on Wednesday, opting for a little-known company insider to steer the French carmaker through growing competition and weak demand that triggered a profit warning earlier this month.

Renault procurement chief Francois Provost has emerged as the frontrunner to become the French automaker's next chief executive, Bloomberg reported on Tuesday, citing people familiar with the matter.

Renault procurement chief Francois Provost has emerged as the frontrunner to become the French automaker's next chief executive, Bloomberg reported on Tuesday, citing people familiar with the matter.