Renault says eight-year plan can turn round carmaker


FE Team | Published: October 18, 2020 21:33:49


Renault says eight-year plan can turn round carmaker

BARCELONA, Oct 18 (Reuters): French carmaker Renault will unveil an eight-year plan next year as the group contends with a demand slump exacerbated by the coronavirus crisis, Chief Executive Luca de Meo said in a newspaper interview published on Sunday.
De Meo had flagged last month that Renault might have to dig deeper than the 2 billion euros ($2.3 billion) of cost cuts it has already outlined to get back on its feet after a sustained downturn in earnings since 2018.

Share if you like