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Renault "relatively confident" for 2022 despite some chip supply worries

Thursday, January 13, 2022
Renault © Reuters. FILE PHOTO: The new Renault Megane E-Tech 100% Electric car is displayed ahead of the 2021 Munich Motor Show during a presentation in Aubervilliers near Paris, France, September 2, 2021. Picture taken September 2, 2021. REUTERS/Eric Gaillard

GUYANCOURT (France) (Reuters) -Renault is "relatively confident" about its business year but still sees some problems over chips supplies which it expects to be felt mostly in the first half of 2022, the French carmarker's Chief Executive Officer said on Thursday.

"We are relatively confident for 2022 but we know that it's a volatile and uncertain world," CEO Luca de Meo told journalists at a company event, adding that the carmaker's restructuring efforts were running ahead of their schedule.

Shares in Renault (PA:RENA) edged up after the publication of the comments midday on Wednesday and traded 3.9 % higher at 1231 GMT, topping France's bluechip CAC40 index which was down 0.55%.

Renault's finance chief at the same event said that the carmaker was hoping to pay back as soon as possible the remainder of a 3 billion euros ($3.44 billion) loan backed by the French state, Renault's biggest shareholder.

The company also said it would step up the ambitions to shift its core Renault brand towards e-mobility, targeting to produce a "100 % electric" fleet by 2030, from 90% previously announced.

($1 = 0.8724 euros)

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19-01-2022 15:49:02 (UTC+7)

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    EUR/USD 1.1353 Buy  
    GBP/USD 1.3626 ↑ Buy  
    USD/JPY 114.24 ↑ Sell  
    AUD/USD 0.7222 ↑ Sell  
    USD/CAD 1.2491 ↑ Sell  
    EUR/JPY 129.69 ↑ Buy  
    EUR/CHF 1.0387 ↑ Sell  
    Gold 1,843.05 ↑ Buy  
    Silver 24.227 Neutral  
    Copper 4.4527 ↑ Sell  
    Crude Oil WTI 85.50 ↑ Sell  
    Brent Oil 88.09 ↑ Sell  
    Natural Gas 4.024 ↑ Sell  
    US Coffee C 244.00 ↑ Sell  
    Euro Stoxx 50 4,268.28 ↑ Buy  
    S&P 500 4,555.60 Sell  
    DAX 15,809.72 ↑ Buy  
    FTSE 100 7,589.66 ↑ Buy  
    Hang Seng 24,127.85 ↑ Buy  
    Small Cap 2000 2,065.70 Sell  
    IBEX 35 8,774.90 ↑ Sell  
    BASF 67.800 Buy  
    Bayer 52.12 ↑ Sell  
    Allianz 223.80 Buy  
    Adidas 253.60 ↑ Sell  
    Lufthansa 6.820 ↑ Sell  
    Siemens AG 144.34 ↑ Buy  
    Deutsche Bank AG 11.784 Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,115/ 6,155
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SJC HCM6,115/ 6,175
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SJC Hanoi6,115/ 6,177
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SJC Danang6,115/ 6,177
(0/ 0) # 1,173
SJC Nhatrang6,115/ 6,177
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SJC Cantho6,115/ 6,177
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