Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

  1. Welcome to GM Inside News Forum – General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
Results 1 to 4 of 4

Thread: Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

  1. #1
    6.2 Liter LS9 Supercharged V8
    Join Date
    Apr 2005
    Posts
    8,858
    Thanks
    1,085
    Thanked 1,638 Times in 945 Posts

    Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

    I know it's from ZeroHedge, take it with a pinch of salt. https://www.zerohedge.com/energy/ren...-auto-industry

    It has become a fool's errand to deny that the global automobile industry is in recession (even if there is still some debate as to the causes). We have documented, at length, falling sales around the globe - led by the world's largest market in China - over the last two years, and recessionary trends in places like North America and Europe show no signs of letting up.

    And today, Renault and Volvo were the two most recent examples of just how dire the situation has become... and will be.

    Renault shares plunged as much as 12% in Paris overnight after the company slashed its full year revenue and profit forecast, while pre-announcing Q3 revenue: "Due to an economic environment less favorable than expected and in a regulatory context requiring ever-increasing costs, Groupe Renault revises its guidance for FY2019," the company's release said.
    However, it might be a blessing in disguise for FCA to not dance with Renault yet.

  2. Remove Advertisements
    GM Inside News
    Advertisements
     

  3. #2
    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
    Join Date
    Dec 2003
    Location
    Carlsbad Commiefornia
    Posts
    31,397
    Thanks
    5,758
    Thanked 8,147 Times in 3,955 Posts
    My Ride
    2013 Traverse | 2018 Fusion

    Re: Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

    GM was wise to close its operations in Europe, and India...

  4. #3
    R2-D2 Astromech Droid Premium Member Neanderthal's Avatar
    Join Date
    Nov 2004
    Location
    A sunny cave in Transylvania
    Posts
    35,293
    Thanks
    9,770
    Thanked 8,001 Times in 4,804 Posts
    My Ride
    17 Soul&/01 PT LTD/15 JD130

    Re: Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

    Just let Gnosn out of the Japanese Prosecutors' Paradise Trap they slapped him into. He'll straight all this out!
    2017 Soul &, Titanium

    Nearly all men can stand adversity, but if you want to test a man’s character, give him power.--Unattributed

    "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."--Benjamin Franklin

    "The freedom of Speech may be taken away, and, dumb and silent we may be led, like sheep, to the Slaughter."--George Washington

    Hidden Content

  5. The Following User Says Thank You to Neanderthal For This Useful Post:

    jpd80 (10-19-2019)

  6. Remove Advertisements
    GM Inside News
    Advertisements
     

  7. #4
    Firebird Concept (the turbine one) Premium Member
    Join Date
    Feb 2010
    Location
    The land of the hethan
    Posts
    11,157
    Thanks
    1,532
    Thanked 4,136 Times in 2,642 Posts
    My Ride
    The coffin on wheels

    Re: Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

    Quote Originally Posted by Neanderthal View Post
    Just let Gnosn out of the Japanese Prosecutors' Paradise Trap they slapped him into. He'll straight all this out!
    You bet,
    he might have his faults but he knows how to lead and get paid for it.

  8. The Following User Says Thank You to jpd80 For This Useful Post:

    1958carnut (10-19-2019)

  9. Remove Advertisements
    GM Inside News
    Advertisements
     

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBadvanced CMPS v4.1.2