I still like Renault a lot - interesting comment have a look, still waiting for below 67 level to buy back Renault, but won't wait too long if we don't see these levels...
Renault delivered a confident message at our conference, allying fears over its
Russian exposure and reiterating its compelling long term cost and margin story.
RNO’s exposure to Russia is meaningful at c. 8% of sales but the company has
pricing power in the market and as price leader in its segment has managed to
achieve price increases YTD. The degree of localisation is also higher than its peers
and yields a significant cost base advantage. The cost opportunities with Nissan are
now much clearer given vehicle characteristic overlaps across mkts; 4 cylinder
vehicles in US and automatic transmission in EU the examples given.