This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG9H04Z_L.jpg
De Meo had flagged last month that Renault might have to dig deeper than the 2 billion euros ($2.3 billion) of cost cuts it has already outlined to get back on its feet after a sustained downturn in earnings since 2018.
“The next two years will be tough. We have an eight-year plan that we will be announced in January, and we can turn it all around,” he told El Pais newspaper without disclosing specific detail on the plan.
($1 = 0.8534 euros)
