The automaker is embarking on a sweeping overhaul after a troublesome twelve months marked by a pricey withdrawal from Russia and a landmark deal to reshape its troubled alliance with Nissan Motor Co. The producer is reorganizing into 5 completely different items spanning EVs, combustion- and hybrid-engine belongings, the Alpine sports-car model, monetary companies and new mobility and recycling companies.
The hard-won settlement with Nissan from earlier this month is clearing the best way for Renault to work with new companions, together with offers with China’s Zhejiang Geely Holding Group Co. and Qualcomm Inc.
The corporate is “not stopping right here” on partnerships, de Meo mentioned earlier throughout an analyst name.
AutoNation is because of report its fourth-quarter and 2022 monetary outcomes on Friday. The corporate ranks No. 1 on Automotive Information’ listing of the highest 150 dealership teams primarily based within the U.S., retailing 262,403 new autos in 2021.