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Renault at the edge of the abyss. #5243186 10/18/19 09:39 AM
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PimTac Offline OP
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The outlook is poor for Renault. Their stock tumbled 12% in today’s trading. The fractures in the RNM alliance are spreading.

https://www.cnbc.com/2019/10/18/reu...-warning-deepens-carmakers-problems.html


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Re: Renault at the edge of the abyss. [Re: PimTac] #5243236 10/18/19 10:21 AM
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There is no Mitsubishi dealer in metro St. Louis--2.9 million people and nothing. Closest is Columbia, MO and Decatur, IL. Talked to a salesman at a Suzuki dealer next door run by the same company as the closed Mitsu dealership. He said that the decision to close was spurred by Mitsubishi getting in bed with Nissan and Renault. The dealership chain had never carried anything Nissan and wasn't about to given its reputation.


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Re: Renault at the edge of the abyss. [Re: PimTac] #5243237 10/18/19 10:26 AM
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Far too many brands in the game, and combine that with current generation that doesn't place high priority on car ownership (using Uber, Lyft etc) makes it far harder to stay profitable.


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Re: Renault at the edge of the abyss. [Re: PimTac] #5243243 10/18/19 10:35 AM
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Go ahead and push it on over. Take Fiat and Chrysler too.

Re: Renault at the edge of the abyss. [Re: PimTac] #5243252 10/18/19 10:48 AM
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Smokescreen Online Content
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"Renault at the edge of the abyss."

IMO they always were I only hear of them in the European market. I never see any car made by them up here in Canada.

Last edited by Smokescreen; 10/18/19 10:49 AM.

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Re: Renault at the edge of the abyss. [Re: PimTac] #5243272 10/18/19 11:00 AM
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Perhaps they should have left Carlos Ghosn alone .....


Sabine Schmitz is the Queen of the 'Ring; Svetlana Kapanina is the Queen of the SKIES...
Re: Renault at the edge of the abyss. [Re: Yah-Tah-Hey] #5243280 10/18/19 11:08 AM
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sloinker Offline
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Originally Posted by Yah-Tah-Hey
Go ahead and push it on over. Take Fiat and Chrysler too.


Yeah! Take Nebraska too! Birds fly upside down when crossing Nebraska.


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Re: Renault at the edge of the abyss. [Re: Yah-Tah-Hey] #5243288 10/18/19 11:13 AM
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Originally Posted by Yah-Tah-Hey
Go ahead and push it on over. Take Fiat and Chrysler too.


Nah, I love what they are doing with Jeep, Ram, and the hot rods. They did a helluva job on the Wrangler and Gladiator, (and Ram, too!) so they get to stay.


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Re: Renault at the edge of the abyss. [Re: PimTac] #5243293 10/18/19 11:16 AM
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csandste Online Content
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Quoting myself...."Talked to a salesman at a Suzuki dealer next door run by the same company ".

Too late to edit. Should have been Subaru. Maybe I had a micro stroke or something.


2017 Kia Soul Plus-- VWB 5w30-- 70,000 miles
Re: Renault at the edge of the abyss. [Re: csandste] #5243295 10/18/19 11:18 AM
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PimTac Offline OP
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Originally Posted by csandste
Quoting myself...."Talked to a salesman at a Suzuki dealer next door run by the same company ".

Too late to edit. Should have been Subaru. Maybe I had a micro stroke or something.




That’s okay. Both those brands are in the Toyota family.


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Re: Renault at the edge of the abyss. [Re: PimTac] #5243300 10/18/19 11:22 AM
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Quest Offline
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in Japan: larger conglomerates may own portion of other immediate competitor's shares, but aside from that, those "competitors" are allowed to own their own technologies, their own designs, and run as independent companies (unlike some other countries conglomerates, which try to take possession of competitor's technologies and stifle their competitors along the way...)


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Re: Renault at the edge of the abyss. [Re: Smokescreen] #5243303 10/18/19 11:25 AM
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PimTac Offline OP
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Originally Posted by Smokescreen
"Renault at the edge of the abyss."

IMO they always were I only hear of them in the European market. I never see any car made by them up here in Canada.





Maybe it depends on where you are but from my viewpoint the French brands were never competitive in the US. Renault and Peugeot tried. Citroen just couldn’t.

As for Nissan, they may have to reinvent themselves or be swallowed up by someone else for their physical assets. Its a shame too. As for Mitsubishi, they have written off the US. Their stronghold is in the emerging markets. The automotive branch of Mitsubishi is very small compared to the rest of that behemoth. Maybe they will let it whither?


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Re: Renault at the edge of the abyss. [Re: PimTac] #5243304 10/18/19 11:26 AM
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Originally Posted by PimTac
Originally Posted by csandste
Quoting myself...."Talked to a salesman at a Suzuki dealer next door run by the same company ".

Too late to edit. Should have been Subaru. Maybe I had a micro stroke or something.




That’s okay. Both those brands are in the Toyota family.


Suzuki didn't survive the crap Daewoo stuff that GM foisted off on them--the Reno comes to mind, although someone on here bought a close out new Daewoo at next to nothing and had wonderful luck with it.


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Re: Renault at the edge of the abyss. [Re: Quest] #5243309 10/18/19 11:31 AM
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PimTac Offline OP
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Originally Posted by Quest
in Japan: larger conglomerates may own portion of other immediate competitor's shares, but aside from that, those "competitors" are allowed to own their own technologies, their own designs, and run as independent companies (unlike some other countries conglomerates, which try to take possession of competitor's technologies and stifle their competitors along the way...)




True. Another consideration is that the Japanese auto companies are not entirely automotive in nature. Defense, aerospace, robots, and personal mobility are some of the other sectors these companies are in.

Example: we see Subaru as a car company but if you have flown on a Boeing aircraft or a Airbus 380 lately you have encountered Subaru’s aerospace technology and manufacturing.


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Re: Renault at the edge of the abyss. [Re: PimTac] #5243333 10/18/19 11:56 AM
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Renault cannot even get it right in F1 anymore, a sport they once dominated.

Scott

https://www.planetf1.com/news/renault-facing-suspension-if-found-guilty/


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