LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Renault is splitting up its business into five units to grow its profit. This move is part of the Fench automaker’s overhaul plans.
According to Reuters, the Renault Group’s goal is to become a Next-Gen automotive firm built on five centralized businesses. These units are divided to address all the new value chains, including the Ampere EV and software; Alpine high-end zero-emission brand; Mobilize financial firm to enter the new mobility market, data-based services, and energy business; Neutral battery recycling business; and Power hybrid engine technologies under the Renault LCV, Dacia, and Renault brands.
“Today’s announcements are a new sign of the Renault Group team’s determination to prepare the company for the future challenges and opportunities generated by the transformation of our industry,” Renault Group’s chief executive officer, Luca de Meo, said in a press release.
The CEO further said, “After having executed one of the fastest and most unexpected recovery plans, after having prepared the company for growth by securing the development of the best product line-up in decades, we intend to position ourselves faster and stronger than competition on the new automotive value chains: EV, software, new mobility and circular economy.”
Moreover, Renault Group said on Tuesday that its major company revamp will not only see it separating its activities into five businesses, but this move will also magnify its tie-up with China's Zhejiang Geely Holding Group Co. This will also allow it to spin off its electric vehicles division via a stock market listing set for next year.
Ahead of the investor presentation this week, the French carmaker said it is targeting an operating margin of eight percent for the year 2025. Then again, its shares dipped by more than four percent while not providing details for any development about its talks with Japan’s Nissan Motor for future partnership deals.
It was mentioned that these business talks only have a week remaining for the companies to negotiate. They must reach a deal before the Nov. 15 deadline, according to insiders who have knowledge of the meetings between the automakers.
Photo by: Sébastien Chiron/Unsplash
