The automaker is embarking on a sweeping overhaul after a tough twelve months marked by a costly withdrawal from Russia and a landmark deal to reshape its troubled alliance with Nissan Motor Co. The manufacturer is reorganizing into five different units spanning EVs, combustion- and hybrid-engine assets, the Alpine sports-car brand, financial services and new mobility and recycling businesses.
The hard-won agreement with Nissan from earlier this month is clearing the way for Renault to work with new partners, including deals with China’s Zhejiang Geely Holding Group Co. and Qualcomm Inc.
The company is “not stopping here” on partnerships, de Meo said earlier during an analyst call.
AutoNation is due to report its fourth-quarter and 2022 financial results on Friday. The company ranks No. 1 on Automotive News’ list of the top 150 dealership groups based in the U.S., retailing 262,403 new vehicles in 2021.