RENAULT: BUY
TRADING CALL
Wiped 2.5bn EUR off its market cap post emissions investigations from the french Government. Even if they have to do a software upgrade for 700k cars its probably only 200EUR per car which equals 140m EUR or say a max of 500 EUR per car = 350m EUR.
Add to this how bearish autos everyone is now.
December numbers were blow out and numbers on February 12th will be good.
I would also buy Peugeot as we have previously mentioned due to blow out China numbers due in part to tax cuts feeding through and it is still cheap on an EV basis and they continue to build up a cash pile.
Buy RNO and UG…