Editing Renault (section)

=== COVID effects, company and Alliance reforms (2019–present) ===

In May 2020, Renault announced a cost-cutting plan aimed at eliminating 15,000 jobs worldwide, about 10% of the company's workforce, due to falling sales and the [[COVID-19 pandemic]].<ref>{{Cite web |title=Renault cuts 15,000 jobs in major restructuring |url=https://www.bbc.com/news/business-52845849 |date=29 May 2020 |website=BBC News |language=en-GB |access-date=29 May 2020}}</ref>

In January 2021, as part of a company revamp, Renault said it would divide its automotive division into four business units: Renault, Dacia and [[Lada]], Alpine, and Mobilize (the latter for new "new mobility services").<ref>{{cite web |title=Renault's transformation strategy will see 24 new vehicles by 2025 |last=Attwood |first=James |url=https://www.autocar.co.uk/car-news/industry-news/renaults-transformation-strategy-will-see-24-new-vehicles-2025 |access-date=16 January 2021 |date=14 January 2021 |work=Autocar}}</ref><ref>{{cite web |title=Welcome to the Dacia Bigster Concept |last=Harrison |first=Tom |url=https://www.topgear.com/car-news/concept/welcome-dacia-bigster-concept?amp |access-date=16 January 2021 |date=14 January 2021 |work=Top Gear}}</ref>

In April 2021, Renault said that its revenue fell by 1.1% from the beginning of 2021 until March and it will reduce car production and focus on models with higher margins.<ref>{{cite web|date=2021-04-22|title=Renault revenue falls for fifth quarter in a row |url= https://www.reuters.com/business/autos-transportation/renault-posts-falling-revenue-amid-turnaround-effort-2021-04-22/ |access-date=2021-04-22 |work=Reuters}}</ref>

In November 2022, Renault said it plans to spin off the electric car development into a [[Ampere (company)|subsidiary company]] tentatively called [[Ampere (company)|Ampère]].<ref name=powersplit>{{cite web |title=Renault launches Ampere electric car business unit and Geely ICE joint-venture |last=Brodie |first=James |url=https://www.autoexpress.co.uk/renault/359152/renault-launches-ampere-electric-car-business-unit-and-geely-ice-joint-venture |access-date=8 November 2022 |date=8 November 2022 |work=AutoExpress}}</ref> It also plans to spin off its powertrain production and development operations (including internal combustion engines and hybrid systems) into a [[Horse project|joint venture company]] named [[Horse (company)|Horse]] with [[Geely]] as co-owner.<ref name=powersplit/><ref>{{cite press release |title=Geely and Renault Group sign framework agreement to create leading powertrain technology company |url=https://media.renaultgroup.com/geely-and-renault-group-sign-framework-agreement-to-create-leading-powertrain-technology-company/?lang=eng |access-date=8 November 2022 |date=8 November 2022 |publisher=Renault}}</ref>

In January 2023, Renault said it intended to transfer almost 30% of its controlling stake in Nissan to a French trust (pending approval by both companies), reducing its shares with voting rights to a minority 15% and, in doing so, making Nissan shares in Renault to gain voting rights. The shareholding and voting ratio of both companies is set to be fixed in the future. The agreement also included Nissan investing in Ampere and projects in various markets.<ref>{{cite web |title=Nissan, Renault move toward alliance rejig, to make statement -sources |url= https://www.euronews.com/next/2023/01/30/nissan-renault |date=30 January 2023 |access-date=30 January 2023 |work=Euronews}}</ref><ref>{{cite press release |title=Statement |url=https://media.alliancernm.com/statement//?lang=eng |access-date=31 January 2023 |date=30 January 2023 |publisher=Alliance}}</ref> In February 2023, both companies approved the going-ahead for the shareholding changes. Final details and regulatory clearances for the transaction were set to be completed by the first quarter of 2023 and it would be done by the fourth quarter. The companies also approved joint projects and Nissan's Ampere investment.<ref>{{cite press release |title=Renault-Nissan-Mitsubishi Alliance open a new chapter for their partnership |url=https://media.renaultgroup.com/renault-nissan-mitsubishi-alliance-open-a-new-chapter-for-their-partnership/?lang=eng |access-date=6 February 2023 |date=6 February 2023 |publisher=Renault}}</ref> The share transfer was completed in November 2023.<ref name=share>{{cite press release |title=Renault Group and Nissan announce the completion of their agreements framing the foundations of the new chapter of the Alliance |url=https://global.nissannews.com/en/releases/231108-03-e |access-date=8 November 2023 |date=8 November 2023 |publisher=Nissan}}</ref>

March 31, 2025 – Renault to Acquire Nissan’s 51% Stake in Indian Manufacturing Unit<ref>{{cite news |title=Renault to buy Nissan's stake in India manufacturing unit, taking full ownership |url=https://www.reuters.com/markets/deals/renault-buys-nissans-51-stake-india-manufacturing-unit-2025-03-31/ |work=Reuters |date=March 31, 2025 |access-date=March 31, 2025}}</ref>