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Renault CEO Seeks to Ease Nissan, Mitsubishi Fears Over EV Split

  • Share values don’t justify stake sales, Luca de Meo says
  • CEO makes first visit to Japan since taking helm at Renault
Luca de Meo

Luca de Meo

Photographer: Benjamin Girette/Bloomberg

Renault SA’s plan to carve out separate electric-vehicle and combustion-engine businesses isn’t aimed at disrupting its global alliance with Nissan Motor Co. and Mitsubishi Motors Corp., the French carmaker’s chief executive officer said. 

“The best thing I can do is actually propose ideas in a way that shows I’m not here to screw Nissan or the alliance,” Luca de Meo said in an interview as he wrapped up a week-long visit to Japan, the first since he became CEO in 2020. “I don’t want to impose any strategic choice on Nissan or Mitsubishi.”