Stock Groups

Renault expects $1.1 billion revenue from new recycling business -Breaking

by Mike Robinson

[ad_1]

3/3
© Reuters. The Re-Factory is a French second-hand vehicle factory in Flins. It was opened November 30, 2021. REUTERS/Benoit Tessier

2/3

By Gilles Guillaume

FLINS (France) – Renault (PA) stated Tuesday that it’s yet to launch recycling business and could make an extra billion euros ($1.13billion) by the end of this decade.

Renault Chief Executive Luca de Meo said that the activities generated 200 million Euros in annual turnover by 2025. The former production facility in Flins near Paris was being repurposed for the recycling, reconditioning and reconditioning used cars and parts. Renault’s 2020 restructuring plan included the reinvention of the site. This will allow the assembly of electric Zoe (OTC: Nissan Micra) models.

($1 = 0.8840 euros)

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]