At the top of the financial market, Renault surpasses Nissan!

In the shadow of Nissan since the implementation of Union in 1999, Renault today it is freeing itself from its Japanese partner. Agency Bloomberg he announced that The diamond score now has a value of 16 billions of dollarsor almost a billion dollars more than the Japanese group.

Change comes after This winter publication of the good results of the French manufacturer. As evidence increase in the price of its shares, up 37% since the start of the year. The dynamics are reflective sales of 52.3 Billions of Euros, growing by 13.1%, and above all a profit of 2.3 billion euros with an operating margin of 7.9%.

Quality borrower

Nissan’s capital departure from the old Régie (Renault, Dacia and Alpine) is also praised by stock marketswhich therefore does not allow the failure of the Ampere IPOits subsidiary company dedicated to electricity.

Note that as part of their new alliance, Renault will reduce its stake in Nissan to 15%, from around 43% %. Until now, financial markets were facing difficulties define the fair value of Renaultshared between its automotive and banking assets (through RCI Banque) and its presence in Nissan’s capital.

Manufacturer’s rating it has nothing symbolic, because it would allow the group to do rank as the best borrower. Like the States’ rating agencies, the classification would allow Renault to save its financing costs.

From 6.5 to 15 billion euros in 24 months!

For the record, the weakness of Renault’s market capitalization had set Lucas de Meo, the managing director of Renault, under pressure. Just 24 months ago, the group’s inventory was at an all-time low. The carmaker suffered a 27% drop in its stock market value, following the health crisis and the war in Ukraine.

The publication of the American agency today gives free reign to the management of Renault which has increased its merger in recent weeks, on the one hand, and Volvo Trucks (in the context of electric utility vehicles) and, on the other hand, the Chinese Geely (via its Horse subsidiary dedicated to petrol and hybrid engines)

It also unites the industrial sector at a time when the car market is engaged in an unprecedented technological and commercial battle around the electric car, a horizon with many uncertainties.