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Why Renault’s ‘Toenadering’ with China’s Geely Beats Marrying Nissan

Summary by BizNews.com
Renault eyes deeper Geely ties as De Meo exits, with a Volvo merger on the horizon.

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The arrival at the head of Kering of Renault's boss, Luca de Meo, favored a flight on the stock exchange of the luxury giant in difficulty. But the prospects for Kering (and the luxury sector) remain very uncertain. Is it time to buy the Kering share or should we stay careful?

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The French leader, who was relegated to the succession of Tavares, could bounce back at the head of the Losange.

·Paris, France
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Renault has consolidated in recent years a strong commitment to the production of hybrid vehicles in Spain, a strategy that the former CEO of the brand, Luca de Meo, has been firmly backing until the moment of his resignation. During his intervention at the Paris Motor Show 2024, the executive defended the work of the Valladolid and Palencia plants, where currently five of the seven hybrid models that the company markets under his label are asse…

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Pierre Gasly, French driver and Franco Colapinto’s companion in the Alpine team, spoke publicly after Luca de Meo’s unexpected departure as CEO of Renault. In the midst of an unstable present for the team, he was dismayed and demanded greater clarity about the reasons for the decision. De Meo’s withdrawal was given just after the Canadian Grand Prix, where Alpine failed to score points: Gasly finished in the 16th position and Colapinto arrived 1…

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Motorsport Week broke the news in on Saturday, June 21, 2025.
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