Renault Exploring Nissan Stake Sale to Fund EV Shift, Sources Say:
Car AB, the people said. Renault reached a joint production deal with Geely earlier this year for a South Korean plant, and the two have said they may also cooperate in China.De Meo, 54, was making strides turning Renault around before Russia’s invasion of Ukraine all but forced the company to begin exiting its second-largest market. The pullout will be costly: the carmaker said it will take a non-cash charge amounting to the 2.
Renault’s EV carve-out could include Nissan assets, the people said. Nissan also would be a partner in the French carmaker’s legacyThe two companies are working with one another on Renault’s structural overhaul, Chief Financial Officer Thierry Pieton told analysts Friday.
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