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Renault CEO says Russia exit will complicate automaker's recovery

Luca de Meo 2022 Renault
Luca de Meo said Renault will make the security of employees a top priority as it weighs options for its Russian operations. (Benjamin Girette/Bloomberg)
R
By:
Reuters
March 25, 2022 08:14 AM

PARIS – Renault Group CEO Luca de Meo has warned that the automaker's retreat from Russia creates a "very complex situation" for the company, weighing on profits and sales as it seeks to accelerate a multiyear turnaround effort.

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