Hyperdrive
Renault Prepares for Carveouts of EV, Fossil-Fuel Businesses
- French carmaker says they could employ roughly 20,000 by 2023
- Executive from Japanese partner Nissan doesn’t commit to plan
A Renault Megane eVision electric vehicle.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
Renault SA outlined a plan to carve out separate electric-vehicle and combustion-engine businesses, providing details of the possible overhaul just before meetings with its Japanese partners.
In a layout of the project first raised in February, the French automaker said the revamp could take effect by next year. Shares rose 1.4% in early Paris trading on Friday.