Renault CEO Francois Provost on Earnings, EVs, China
Market Intelligence Analysis
AI-PoweredRenault CEO Francois Provost aims for resilient growth over the next five years, despite expecting a decline in profitability this year due to increased competition and electric model rollouts.
Market impact analysis based on neutral sentiment with 75% confidence.
Article Context
Renault CEO Francois Provost speaks exclusively to Bloomberg TV in his first television interview in the role after the automaker reported today that it expects profitability to decline this year as it rolls out new electric models and grapples with rising competition in Europe. Provost said he plans to keep the same strategy as his predecessor and is aiming for resilient growth, pushing outside of Europe: "What I want to do during the next five years is really to deliver a very steady and robust performance in a difficult environment". (Source: Bloomberg)
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