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RNO Renault SA

37.605
0.005 (0.01%)
23 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Renault SA EU:RNO Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 0.01% 37.605 37.40 37.635 37.885 37.35 37.635 740,715 16:40:00

Europe Car Makers Shares Rise After EU Announces Probe of Chinese Auto Companies

13/09/2023 9:26am

Dow Jones News


Renault (EU:RNO)
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From Aug 2023 to Feb 2024

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By David Sachs

 

Shares in Europe's major auto makers rose Wednesday after the European Union's antitrust body said it would launch an investigation of potentially unfair market practices by Chinese electric car companies.

"Global markets are now flooded with cheaper Chinese electric cars," European Commission President Ursula von der Leyen said in the State of the European Union Address. "And their price is kept artificially low by huge state subsidies. This is distorting our market."

At 0749 GMT, shares in Volkswagen were up 2.9% to EUR112.14. Shares in Renault jumped 4.9% to EUR38.55. BMW was up 2.3% to EUR98.85. Mercedes-Benz stock was up 1.1% to EUR67.65, while Stellantis was up 1.1% to EUR18.03

 

Write to David Sachs at david.sachs@wsj.com

 

(END) Dow Jones Newswires

September 13, 2023 04:11 ET (08:11 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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