Renault plans more cost cuts and will focus on a smaller number of profitable models as part of a new strategy laid out by CEO Luca de Meo to turn around the money-losing automaker.
In his first business update since taking over last July, de Meo outlined plans to simplify manufacturing and reduce spending in areas such as research.
The automaker will also cut production capacity to about 3.1 million vehicles in 2025, from 4 million in 2019.
