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Renault must lower costs to produce its best products by 2023-2025

by Mike Robinson

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© Reuters. FILE PHOTO – The Renault logo is seen at the dealership in Les Sorinieres near Nantes on September 9, 2021. REUTERS/Stephane Mahe

LUDWIGSBURG / Reuters Renault (PA:), CEO Luca de Meo stated on Tuesday that the company needed to reduce costs to make the organization more efficient and reach its goal of releasing its most innovative product line by 2023-2025.

At the Automobilwoche Summit in Germany, de Meo stated that 20-30% would come from non-traditional revenue sources by the end of ten year’s time as he attempted to lessen the dependency on other businesses.

De Meo stated that there is still much potential. But the situation is complicated for us… It was necessary to remove all items that weren’t needed and then make a new start.

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