FILE PHOTO: Luca de Meo, Chief Govt Officer of Groupe Renault, stands in entrance of a Renault Megane eVision automotive as he speaks throughout a information convention about Renault electrical technique throughout Renault eWays occasion in Meudon, France, October 15, 2020. REUTERS/Benoit TessierReuters
BARCELONA (Reuters) – French carmaker Renault
will unveil an eight-year plan subsequent yr because the group contends with a requirement stoop exacerbated by the coronavirus disaster, Chief Govt Luca de Meo mentioned in a newspaper interview printed on Sunday.
De Meo had flagged final month that Renault may need to dig deeper than the two billion euros ($2.3 billion) of value cuts it has already outlined to get again on its ft after a sustained downturn in earnings since 2018.
“The following two years can be powerful. We now have an eight-year plan that we’ll be introduced in January, and we will flip it throughout,” he instructed El Pais newspaper with out disclosing particular element on the plan.
(Reporting by Graham Keeley; Modifying by David Goodman)
Copyright 2020 Thomson Reuters.