{"id":77917,"date":"2024-03-13T08:59:26","date_gmt":"2024-03-13T13:59:26","guid":{"rendered":"https:\/\/equitynewsreport.com\/renault-expects-closing-of-electric-vans-jv-with-volvo-and-cma-cgm-by-early-april\/"},"modified":"2024-03-13T08:59:26","modified_gmt":"2024-03-13T13:59:26","slug":"renault-expects-closing-of-electric-vans-jv-with-volvo-and-cma-cgm-by-early-april","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/renault-expects-closing-of-electric-vans-jv-with-volvo-and-cma-cgm-by-early-april\/","title":{"rendered":"Renault expects closing of electric vans JV with Volvo and CMA CGM by early April"},"content":{"rendered":"<div readability=\"46\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"Renault expects closing of electric vans JV with Volvo and CMA CGM by early April\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/trkd-images\/LYNXNPEK2C0HC_L.jpg\"><br \/>\n<span class=\"text\">\u00a9 Reuters. A Renault logo is pictured in Brussels, Belgium March 4, 2024. REUTERS\/Yves Herman\/File Photo<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>PARIS (Reuters) &#8211; <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Renault <\/span><\/span> (EPA:) expects the closing of its joint venture in electric vans with Volvo (OTC:) and French shipping group CMA CGM to happen by the beginning of April, a spokeswoman told Reuters on Wednesday.<\/p>\n<p>Renault and Volvo signed binding agreements last fall to launch a new company where they would initially each hold a 50% equity stake and each invest 300 million euros ($316 million) over the next three years.<\/p>\n<p>CMA CGM also signed at the time a non-binding letter of intent with Renault and Volvo to join the new company and invest 120 million euros through PULSE, its energy fund focused on decarbonisation of transport and logistics\u00a0sectors.<\/p>\n<p>The three companies plan to present the JV\u00a0on\u00a0April\u00a03. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. A Renault logo is pictured in Brussels, Belgium March 4, 2024. REUTERS\/Yves Herman\/File Photo PARIS (Reuters) &#8211; Renault (EPA:) expects the closing of its joint venture in electric vans with Volvo (OTC:) and French shipping group CMA CGM to happen by the beginning of April, a spokeswoman told Reuters on Wednesday. Renault and Volvo signed binding agreements last fall to launch a new company where they would initially each hold a 50% equity stake and each invest 300 million euros ($316 million) over the next three years. CMA CGM also signed at the time a non-binding letter of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77918,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,49,50,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77917"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77917"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77918"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}