Renault Splits Off EVs Into Own Unit
Part of industry shift away from ICE vehicles.
Renault said the EV unit will employ 10,000 people by next year.
IMAGE: Renault
Renault said it will split off electric-vehicle production into a separate unit and make conventional cars in a joint venture with Chinese partner Geely.
It said the EV unit will employ 10,000 people by next year.
The French carmaker said it hopes the changes will bring investment to help it transition away from vehicles powered by internal combustion engines.
Carmakers have been making strategic plans to transition to electrified vehicles, pressed by government regulations, climate-change anxieties and greater consumer demand. Though such vehicles still make up a small fraction of the overall vehicle market, their market share is gaining, despite many questions about charging infrastructure, vehicle reliability and more.
READ MORE: Renault SA and Nissan Negotiate Partnership Overhaul
Originally posted on Auto Dealer Today
More Industry
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Selling to Grow
The question of whether you should sell your agency and if so, when, is up to you. But it’s a question worth asking to ensure you keep the business on the right path for yourself, employees and clients.
Read More →
Recalled Vehicles Hit 5-Year High
Though the number of events has fallen so far this year, impacted units are up significantly. Meanwhile, regulators consider consumer notification changes.
Read More →
Auto Group Acquires Top-Performing Rooftop
Car Pros sold its Kia Huntington Beach location to Sutherlin Automotive Group, marking the buyer’s third location in Southern California.
Read More →
China as Pacesetter
Automotive leaders huddled on where North America stands in the global picture and how it can strengthen its position against the Asian juggernaut’s surging industry.
Read More →
BMW Concept Car Makes Fuel to Burn
The prototype developed in concert with a South Carolina university engineering team generates more solar energy than it uses in a typical daily commute.
Read More →
South Carolina Auto Group Downsizes
Florida-based group Holler-Classic has acquired four rooftops, its first in South Carolina, from Dick Smith Automotive Group.
Read More →