Renault to Create New Unit to Centralize Mobility Services

Date : 10/09/2019 @ 8:07AM
Source : Dow Jones News
Stock : Renault SA (RNO)
Quote : 44.45  0.23 (0.52%) @ 4:40PM
Renault share price Chart

Renault to Create New Unit to Centralize Mobility Services

Renault (EU:RNO)
Historical Stock Chart

2 Months : From Sep 2019 to Nov 2019

Click Here for more Renault Charts.

By Carlo Martuscelli


French car maker Renault SA (RNO.FR) said Wednesday that it is creating a new operating subsidiary called RENAULT M.A.I. to consolidate its mobility-services offering.

The company said that over the past four years it has developed its car services through a number of ventures, which include Renault MOBILITY, Zity, Moov'in.Paris and Marcel. It has also made a number of acquisitions and investments in startups in the field, such as Karhoo, Yuso, Como and others.

The aim of the new subsidiary is to bring its mobility activities into a single unit in order to create synergies, as well as simplify decision making, Renault said.


Write to Carlo Martuscelli at


(END) Dow Jones Newswires

October 09, 2019 03:52 ET (07:52 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20191117 04:45:21