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Groupe Renault (French: [ɡʁup ʁəˈno]) is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured trucks, tractors, tanks, buses/coaches and autorail vehicles.
According to the Organisation Internationale des Constructeurs d’Automobiles, in 2013 Renault was the eleventh biggest automaker in the world by production volume, with 50.5% of sales coming outside of Europe. TheRenault–Nissan Alliance is the fourth-largest automotive group.
Headquartered in Boulogne-Billancourt, the Renault group is made up of the namesake Renault marque and subsidiaries, Automobile Dacia from Romania, and Renault Samsung Motors from South Korea. Renault has a 43.4% controlling stake in Nissan of Japan, a 37% indirectly-owned stake in AvtoVAZ of Russia, and a 1.55% stake in Daimler AG of Germany (since 2012, Renault manufactures engines for the Daimler’s Mercedes A Class and B Class cars). Renault also owns subsidiaries RCI Banque (automotive financing), Renault Retail Group (automotive distribution) and Motrio (automotive parts). Renault has various joint ventures, includingOyak-Renault (Turkey), Renault Pars (Iran). Carlos Ghosn is the current chairman and CEO. The French government owns a 19.73% share of Renault as of April 2015.
Renault Trucks, previously known as Renault Véhicules Industriels, has been part of Volvo Trucks since 2001.Renault Agriculture became 100% owned by German agricultural equipment manufacturer CLAAS in 2008.
Together Renault and Nissan are investing €4 billion (US$5.16 billion) in eight electric vehicles over three to four years beginning in 2011. In 2013, new Renault vehicles had the lowest average CO2 emissions among generalist brands in Europe, with 110.1g/km.
Renault is known for its role in motor sport, particularly rallying, Formula 1 and Formula E. Its early work on mathematical curve modeling for car bodies is important in the history of computer graphics.