UPDATE 1-Motor racing-Alpine F1 principal Famin to leave at end of August Renault to have fifth F1 team boss since start of 2021 Famin to leave role at end of August Frenchman replaced Otmar Szafnauer a year ago Adds detail July 26 (Reuters) - The Renault-owned Alpine Formula One team are set for their fifth boss in four years after announcing the departure in August of principal Bruno Famin .

Motor racing-Famin to leave team principal role at Alpine July 26 (Reuters) - The Alpine Formula One team have confirmed that Bruno Famin will leave his current team principal role of the F1 division by the end of August. Bruno will be in charge of all other motorsport activities of the Renault Group at Viry-Chatillon. A new team principal will be announced in due course.

EUROPE RESEARCH ROUNDUP-Greencore, UCB, Unilever July 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Greencore, UCB, and Unilever, on Friday. HIGHLIGHTS * Greencore GNC.L : HSBC raises target price to 190p from 160p * Lonza Group AG LONN.S : JP Morgan raises target price to CHF 645 from CHF 600 * Sartorius Stedim Biotech STDM.PA : HSBC cuts target price to EUR 310 from EUR 360 * UCB SA UCB.BR : TD Cowen raises target price to E

WRAPUP 4-US market proves a headache for global carmakers Adds Honda comments in paragraphs 8-10 Stellantis, Nissan profits hit by problems in U.S. market Shares hit by poor results Ford's EV business weights on earnings Stellantis ready to axe unprofitable brands By Nick Carey and Nora Eckert LONDON/DETROIT, July 25 (Reuters) - Problems in the highly competitive U.S.

UPDATE 2-European shares fall as earnings deluge disappoints STOXX 600 down 0.7% Universal Music Group slumps as streaming growth disappoints Kering down after weak H2 forecast Besi tumbles as Q3 outlook disappoints Unilever gains after H1 profit beat Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan July 25 (Reuters) - European shares closed lower on Thursday as a slate of downbeat earnings reports in several sectors including tech and luxury weighed, while a global run for safe haven

BUZZ-Renault shares take hit after Nissan and Stellantis results ** Shares in Renault RENA.PA are down 8.2% amid the results of Nissan 7201.T and Stellantis STLAM.PA , as the French carmaker posted H1 results marginally ahead of consensus ** Earlier today, Nissan Motor 7201.T saw Q1 profit almost completely wiped out and slashed its annual outlook,

Motor racing-Ocon to race for Haas next season, first winner to join team SPA-FRANCORCHAMPS, Belgium, July 25 (Reuters) - French driver Esteban Ocon will become the first Formula One grand prix winner to race for Haas after signing a multi-year contract starting next season, the U.S.-owned team said on Thursday. Ocon will partner British rookie and Ferrari reserve Oliver Bearman in an all-new lineup and joins from Renault-owned Alpine, who had already announced the 27-year-old's departure.

BRIEF-Renault to continue monetizing its shares in Nissan - CFO July 25 (Reuters) - Renault RENA.PA CFO tells a conference call: RENAULT WILL CONTINUE TO MONETIZE ITS SHARES IN NISSAN, WHICH REPRESENT POTENTIAL CASH OF 3 BLN EUROS - CFO Source text for Eikon: [ID:] Further company coverage: 7201.T (Reporting By Gilles Guillaume)

UPDATE 4-Nissan profit wiped out by US discounts; shares hammered Adds retail forecast cut, context on market sizes By Daniel Leussink TOKYO, July 25 (Reuters) - Japan's Nissan Motor 7201.T slashed its annual outlook on Thursday after deep discounting in the United States almost completely wiped out the automaker's first-quarter profit. The figures confounded the expectations of analysts who saw profit exceeding last year's, sending Nissan stock plunging 7%.

BRIEF-Renault Estimates Nissan's Contribution To Group Q2 Net Income At EUR 38 Mln July 25 (Reuters) - Renault SA RENA.PA : NISSAN’S CONTRIBUTION TO RENAULT GROUP’S SECOND QUARTER 2024 EARNINGS NISSAN'S POSITIVE CONTRIBUTION TO RENAULT GROUP'S Q2 2024 NET INCOME ESTIMATED AT EUR 38 MILLION Source text for Eikon: ID:nGNE3V9d8C Further company c

Nissan slashes full-year outlook after Q1 profit slumps 99% TOKYO, July 25 (Reuters) - Japan's Nissan Motor 7201.T slashed its annual outlook after posting a 99% decline in first-quarter operating profit on Thursday, falling short of analyst estimates and sending its shares sharply lower. Operating profit for the April-June period totalled 995 million yen ($6.51 million), compared with 128.6 billion yen in the same period a year earlier and an average estimate of 164.4 billion yen in a poll of f

French and Benelux stocks-Factors to watch July 25 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. MICHELIN MICP.PA : Michelin reported sales for H1 at 13.48 billion euros, slightly below expectations. RENAULT RENA.PA : Renault published H1 operating at 2.18 billion euros, above consensus, and maintained 2024 outlook.

UPDATE 1-Renault sticks to 2024 outlook as first-half profit beats estimates Adds CFO comment in paragraph 6, Nissan impact on net income in paragraph 15 By Nick Carey and Gilles Guillaume LONDON, July 24 (Reuters) - Renault RENA.PA posted a better-than-expected operating profit for the first half of the year on Wednesday due to strong pricing and new vehicle launches, and stuck to its full-year profit-margin forecast.

BRIEF-Renault H1 Operating Margin Of EUR 2.18 Billion Beats Consensus July 24 (Reuters) - Renault SA RENA.PA : H1 REVENUE EUR 26.96 BILLION VERSUS EUR 26.90 BILLION (RENAULT CONSENSUS) H1 OPERATING INCOME EUR 1.90 BILLION VERSUS EUR 2.10 BILLION YEAR AGO H1 FREE CASH FLOW EUR 1.257 BILLION VERSUS EUR 1.395 BILLION (RENAULT CONSENSUS) AUTOMOTIVE NET CASH FINANCIAL POSITION: EUR 4.9 BILLION AT JUNE 30, 2024 (+ EUR 1.1 BILLION VERSUS.

BRIEF-Russian car production jumped 62.2% y/y in H1 - Rosstat July 24 (Reuters) - Russian statistics service Rosstat says: Russia increased production of passenger cars in January-June by 62.2% year-on-year to 330,000 vehicles. Reporting by Darya Korsunskaya; Writing by Gleb Stolyarov

Renault's first-half profit beats estimates, sticks to 2024 outlook By Nick Carey and Gilles Guillaume LONDON, July 24 (Reuters) - Renault RENA.PA posted a better-than-expected operating profit for the first half of the year on Wednesday due to strong pricing and new vehicle launches, and stuck to its full-year profit-margin forecast. The French automaker last week reported that its first-half sales volume rose 1.9% versus the same period in 2023 due to the strong performance of hybrid models in

Renault, Slovenia sign MoU on production of new electric city car SARAJEVO, July 24 (Reuters) - French carmaker Renault RENA.PA and the government of Slovenia on Wednesday signed a memorandum of understanding (MoU) for the production of a revised version of its Twingo electric vehicle, the STA news agency reported. Production at the Revoz plant in Novo Mesto will start in 2026 with an annual output of 150,000 vehicles initially, officials said.

EXCLUSIVE-LGES in talks with Chinese material firms to make low-cost EV batteries for Europe Adds share price in final paragraph By Heekyong Yang SEOUL, July 24 (Reuters) - South Korea's LG Energy Solution (LGES) is in talks with about three Chinese suppliers to produce low-cost electric vehicle batteries for Europe, a senior executive said, with competition set to intensify after the EU slapped extra tariffs on China-built EVs.

EXCLUSIVE-LG Energy Solution in talks with Chinese firms to make low-cost EV batteries for Europe By Heekyong Yang SEOUL, July 24 (Reuters) - South Korea's LG Energy Solution (LGES) is in talks with about three Chinese suppliers to produce low-cost electric vehicle batteries for Europe, a senior executive said, with competition set to intensify after the EU slapped extra tariffs on China-built EVs.

Auto File-Ford’s favorite pickup line July 23 - By Nick Carey , European Autos Correspondent Greetings from London! For decades, things in the automotive industry changed at a sedate pace with incremental improvements in combustion engine products and where the future remain relatively predictable. In the last few years, we have become used to the opposite and the pace of change is, at times, enough to give you whiplash.