Renault Group (RNT.L,RNSDF.PK,RNSDY.PK,RNO.PA,RNL.DE) said it has obtained all the necessary regulatory approvals to acquire the stakes held by Volvo Group and CMA CGM Group in Flexis, bringing its ownership to 100% and making Flexis a wholly owned subsidiary. The company noted that this does not impact the product ambitions or the original industrial plan.
The production of the Renault Trafic Van E-Tech Electric, is set to begin at the end of 2026 at Renault Group's Sandouville plant in France. Volvo Group, through Renault Trucks, will also market the vehicle from 2027 onwards.
At last close, Renault Group shares were trading at 27.23 euros, down 2.12%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.