Groupe Renault, IDRO and PARTO NEGIN NASEH Co (NEGIN Holding) are announcing the creation of a new joint venture company in Iran to boost Renault's presence in the country and step up the brand's growth. The joint venture follows on from the strategic partnership agreement signed at the Paris Motor Show on September 30, 2016.
Created three years ago, the FIA Formula E championship saw Renault confirm its supremacy. The performance and energy of Renault e.dams was duly rewarded today, as the French squad was crowned FIA Formula E champions for a third consecutive season.
Fortunes didn’t favour Renault Sport Formula One Team in a fast-paced Hungarian Grand Prix with Jolyon Palmer finishing twelfth and Nico Hülkenberg returning to the pits three-laps shy from the chequered flag, following contact with Kevin Magnussen. Nico was classified seventeenth at the finish.
After a thrilling race but with mixed emotions, Renault e.dams remains on top of the standings with a 33 points. However, after being disqualified from today’s race, Sébastien Buemi has lost his position at the head of the championship. He is now 18 points adrift.
In the first-half of 2017, RCI Bank and Services saw brisk growth in its business, with 882,626 new financing contracts, a 14.6% increase compared with the first-half of 2016. The penetration rate1 for Alliance brands rose by 1.3 points to 40.7%. New financings totalled €10.4 billion, a 16.7% increase over first-half 2016. The amount of average performing assets2 grew by 20.9% to €38.6 billion at end-June 2017. Pre-tax income for first-half 2017 came to €540 million, up 25.3%.
Financial results for the 1st half of 2017: Groupe Renault continues to grow and sets a new half-year operating margin record
Group revenues reached €29,537 million (+17.3%). Excluding the impact of the AVTOVAZ consolidation, Group revenues increased 12.2% to €28,246 million (+ 11.3% at constant exchange rates).
Unit sales at the Alliance rose seven percent to 5,268,079 vehicles in the first half of the calendar year resulting from an increased demand for models from the French and Japanese brands, and the first semester sales contribution from new Alliance member Mitsubishi Motors.
Groupe Renault teams with Microsoft and VISEO to create the first-ever digital car maintenance book prototype
Groupe Renault today announced a prototype for a digital car maintenance book, leveraging the power of blockchain technology, built in collaboration with Microsoft and VISEO. Blockchain technology ensures that data in the car passport is stored in a secure and transparent manner.
Following two days of testing with a V8-powered 2012 Formula 1 car, the E20, on June 7 in Valencia, Spain and again on July 12 at Le Castellet in France, Robert Kubica will drive the R.S.17, on August 2 at the test session taking place at Hungaroring.
Groupe Renault PC + LCV registrations worldwide (including Lada) increased 10.4% in the first half of the year, in a market up 2.6%. Group market share now stands at 4.1% (up 0.3 points on 2016).