Previous Close | 53.30 |
Open | 53.30 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 53.30 - 53.30 |
52 Week Range | 34.58 - 53.30 |
Volume | |
Avg. Volume | 126 |
Market Cap | 15.481B |
Beta (5Y Monthly) | 1.71 |
PE Ratio (TTM) | 6.28 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 2.01 (3.77%) |
Ex-Dividend Date | May 22, 2024 |
1y Target Est | N/A |
PARIS (Reuters) -France's CMA CGM has acquired a 10% stake in the Flexis electric van venture set up by Renault and Volvo Group, the companies said on Wednesday, as the shipper expands further into the logistics business. CMA CGM, through its energy fund, had said last year it would join the company and signalled its interest for a strategic investment of up to 120 million euros ($129 million) by 2026. The vans, designed for last-mile delivery of parcels, will be made in Renault's Sandouville plant in northern France.
Renault will start engineering work on a more affordable version of its electric Twingo model this month, two sources told Reuters, with production targeted in two years as it seeks to stave off intense competition from Chinese rivals. China's automakers, the world's top producers of electric vehicles, are making fast inroads in the European market, pressuring incumbents like Renault to cut costs and speed up the time it takes to bring a new model to market. The "freeze concept" for Renault's new electric Twingo, where the vehicle's outline is validated and set, took place last week, said the two sources familiar with the matter.
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