Renault : From one Carlos to another... and waiting for Luca
>No surprises in the plan but frustration is there - Renault’s plan to cut fixed-costs which was presented on Friday provided very few new elements compared with those that have been leaked in the press recently. All told we think that this € 2bn cost-cutting programme out to 2022 is credible, although probably a little late (particularly as it is still only at the project stage) and possibly insufficient (a similar envelope to that announced in February, i.e. before ...Renault is an automobile manufacturer. Co.'s activities have been organized into two main business sectors, in more than 120 countries: Automotive and Sales Financing. Co. designs, develops and sells passenger cars and light commercial vehicles. Following the acquisition of Romanian carmaker Dacia and Samsung Motors' operating assets in South Korea, Co. has three automotive brands: Renault, Dacia and Samsung. RCI Banque, Co.'s captive financing arm, finances sales of the Renault, Renault Samsung Motors (RSM) and Dacia brands, and, in Europe, the Nissan and Infiniti brands. In addition to these two activities, Co. has equity investments in the following two companies: Nissan and AVTOVAZ.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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