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Renault Kills Ampere: New CEO Dismantles De Meo's EV Spinoff in Latest European Retreat
Renault

Renault Kills Ampere: New CEO Dismantles De Meo’s EV Spinoff in Latest European Retreat

Renault SA plans to reintegrate its Ampere electric vehicle and software operations back into the parent company, reversing a strategy that never delivered the €10 billion valuation former CEO Luca de Meo once promised investors. The French automaker is meeting with labor unions today to discuss the reorganization. Bloomberg reports that CEO François Provost is…

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