Renault readies itself to take on Chinese rivals

2024-08-29  835  中等

When Mr de Meo took over at Renault in 2020 the situation was “bleak”, says David Lesne of UBS, a bank. It sold 2.9m cars that year, down from 3.7m in 2017, and made a net loss of €8bn ($8.7bn). Debts were ballooning. Wobbles in its alliance with Nissan, a Japanese carmaker, and an aborted attempt to merge with Fiat Chrysler, an Italian-American one, had left the firm in a parlous state.

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