Hyperdrive
Renault Makes Progress on Breakup Plan, Talks With Russia
- Renault, Nissan working together on possible EV spinoff
- Carmaker beats forecasts on quarterly revenue despite Russia
Inside the L'Atelier Renault flagship store on the Champs Elysees in Paris.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
Renault SA is forging ahead with a plan to separate its electric-vehicle and combustion-engine car business with a possible initial public offering of its EV assets next year.
The carmaker is making progress with the split that was first floated in February with potential partners showing interest in the legacy operations, Chief Financial Officer Thierry Pieton said on a call with reporters.