Automotive

Renault Considers Splitting ICE and EV Business

Sitcom plot translation — EV and ICE are growing up. It’s time they ditch their bunk beds and have their own rooms.
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Renault  Considers Splitting ICE and EV Business

A recent decision by Ford to split ICE and EV into separate business units was a big first but may not be unique for long. French automaker Renault says a similar split is still on the table. CFO Thierry Pieton says the plan to split is subject to approval by alliance partner Nissan. 

It's not you. It's me. Rumors have circulated about Renault selling some of its 43% stake in Nissan. A decision to do so would raise needed funds for its shift to EVs and ease tensions with its alliance partner, Nissan.

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