Renault CEO – decision on Russian operations to come in weeks
2022.05.09 17:07
FILE PHOTO: Renault Chief Executive Officer Luca de Meo speaks during a news conference as part of a visit to present the Re-Factory, a second-hand vehicles’ factory, in Flins, France, November 30, 2021. REUTERS/Benoit Tessier
LONDON (Reuters) – Renault (EPA:RENA)’s top executive said on Monday that the carmaker will decide in the coming weeks on the future of its operations in Russia, where it suspended operations in late March following the invasion of Ukraine.
“Negotiations are still ongoing,” Chief Executive Luca de Meo said at the FT Future of the Car 2022 conference, adding that leaving Russia entirely involves writing down the value of its assets. “But we also know that we’ve been working for 10 years investing a lot of money there so we are also here to protect our assets and what we’ve done.”
