Hyperdrive
Renault CEO Says Struggling Carmaker Has Come ‘Back From Hell’
- Carmaker returned to profitability in first half of the year
- Nissan contributes to bottom line in reversal from record loss
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Renault SA’s chief declared the automaker is firmly on the comeback trail after a record loss, forecasting stable profitability despite the global chip shortage and rising raw material prices.
The carmaker has “abandoned the approach of only looking for sheer growth,” Chief Executive Officer Luca de Meo said in a Bloomberg TV interview. “We are actually back from hell with this first semester.”