par The Media in 4-4-2.
As a result of Western sanctions against Russia, Renault sells its 68% stake in Avtovaz and Lada to Nami, which depends on the Russian Ministry of Industry and Trade, for… a symbolic ruble. The announcement comes right after the re-election of Emmanuel Macron. However, from the end of March, the decision had already been provisioned (2.2 billion euros, i.e. the investment by Renault since 2013). Until this nationalization, the Russian market represented half of the group’s results.
Towards all-electric
Since mid-February, Renault shares have lost 39%.
Luca de Meo, CEO of Renault, has assured that in the event of a split he will retain control of the electrical part. To focus on electric vehicles, Renault will have to reduce its stake in Nissan (43%, or 7.1 billion euros). The action Nissan dropped. Nissan also announces that it will stop producing cars under the Datsun brand, whose sales have fallen by 90% in five years. Renault lost 8 billion in 2020. Since mid-February, the action has fallen by 39%.
Renault abandons its customers
Renault is therefore oriented towards a wealthy public. He has the choice between Megane E-Tech 100% electric Icoinic from €40,900 with diamond-cut alloy rims, gold F1 blade and titanium black riviera leather upholstery, and the modest Zoe e-tech electric at €32,100 (basic model). The car of the future will be, as in the 1950s, a symbol of luxury for a privileged few. Moreover, the rich will remain faithful to Tesla, more expensive (40,000 € basic model), but so much more chic, for routes of less than 500 km. The private jet is highly recommended for long journeys. As for the ex-Yellow Vests, they will only have to go to work by bike, and without complaining, huh!
“Growth” 0 with Emmanuel Macron
Before the presidential election, the media were rather optimistic: “France is driving growth in the euro zone in February 2022” (Economy Morning). INSEE noted a GDP growth rate of 0.3% in the first quarter. The election having passed, boom! the headlines are unanimous: “GDP at 0%: the French economy stagnated in the first quarter against a backdrop of inflation and the war in Ukraine” (The gallery, TF1) and INSEE announces: “French economic activity stagnated in the first quarter of 2022, with zero growth (0%). This economic slowdown can be explained in particular by the decline in household consumption due to rising inflation. »
source : The Media in 4-4-2