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Renault CEO says electric, combustion cars are 'two different sports' as automaker weighs spinoff

Luca de Meo 2022 Renault
"We see EV as a growth business and ICE [internal combustion engines] as a stable cash generator," Renault CEO Luca de Meo said. (Benjamin Girette/Bloomberg)
PS
By:
Peter Sigal
May 11, 2022 06:28 AM

Electric and internal combustion cars are "two different sports," Renault Group CEO Luca de Meo said, and there is an industrial rationale for carving out the two powertrains as separate businesses.

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