According to the CEO, the automaker is adapting the existing powertrain.
CEO Luca de Meo told shareholders that Renault will not invest in developing a new engine suitable for the latest generation of diesel vehicles it will produce, but will instead adapt its existing model.
Automakers are accelerating the shift from internal combustion vehicles to electric vehicles, fueled by stricter pollution and emission regulations and growing consumer demand for greener vehicles.
Recall that Renault produces its own engines and has been supplying diesel power units for other companies for a long time. The abandonment of this investment plan is due to the group’s efforts to cut costs.
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