13/07/2024
GENEVA — The Renault brand will probably continue to offer internal-combustion vehicles alongside a separate lineup of full-electric cars for the next 10 years, CEO Fabrice Cambolive said.
Renault Group CEO Luca de Meo in early 2022 said that the Renault brand would be selling only EVs in Europe by 2030 — ahead of the EU’s zero-emission mandate in 2035 — but he has also said that the pledge is dependent on market conditions. Demand for EVs in Europe remains high, but the rate of adoption has slowed in recent months, raising questions about the willingness of consumers to continue…
23/06/2024
Polestar would need to inject an additional $1 billion over the next 12 months to keep it afloat, analysts at Bernstein said in a note last week, advocating the nameplate should not be independently listed.
Polestar last week said it plans to cut about 450 jobs globally, or about 15 percent of its workforce, amid “challenging market conditions.”
It also said in November that it would try to reduce its reliance on external help, publishing a revised business plan, which included getting additional loans from Volvo and Geely.
The news could raise questions about the viability of Polestar, which aims…