“We are relatively confident for 2022 but we know that it’s a volatile and uncertain world,” CEO Luca de Meo told journalists at a company event, adding that the carmaker’s restructuring efforts were running ahead of their schedule.
Shares in Renault (PA:RENA) edged up after the publication of the comments midday on Wednesday and traded 3.9 % higher at 1231 GMT, topping France’s bluechip CAC40 index which was down 0.55%.
Renault’s finance chief at the same event said that the carmaker was hoping to pay back as soon as possible the remainder of a 3 billion euros ($3.44 billion) loan backed by the French state, Renault’s biggest shareholder.
The company also said it would step up the ambitions to shift its core Renault brand towards e-mobility, targeting to produce a “100 % electric” fleet by 2030, from 90% previously announced.
($1 = 0.8724 euros)
Source: Economy - investing.com
