Investing
Renault cannot afford discount race with Tesla, Chinese peers, executive says
© Reuters. FILE PHOTO: The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes/File Photo
MUNICH (Reuters) – Renault (EPA:) cannot afford to enter a discount race with Tesla (NASDAQ:) or Chinese rivals, the French carmaker’s head of engineering told journalists at the IAA (NYSE:) Munich car show.
“The good strategy is to maintain prices and to adjust fixed costs,” Gilles Le Borgne said.
Renault’s high exposure to Europe makes it one of the most exposed names to new competition from Tesla and Chinese rivals in electric vehicles, UBS wrote in a note this week.
Read the full article here
The Future of Farming is Here
I’m Living Through the California Wildfires — Here’s How Every Business Can Prepare For a Natural Disaster
Achieve Your Goals Faster With This Meditation App, Now 50% Off
Train for a New Tech Career in 2025 With This $25 Course Bundle
TikTok restores service, thanks Trump By Reuters
Why the Best CEOs Think Like Anthropologists
Earn More in 2025: Top 10 High-Yield Savings Accounts Revealed
LA Rental Prices Skyrocketing Despite Price Gouging Laws
How to Craft Marketing Campaigns That Reach Multiple Generations
What to Do If TikTok is Banned — How to Protect Your Brand
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles4 days agoWhy the Best CEOs Think Like Anthropologists
-
Make Money5 days agoEarn More in 2025: Top 10 High-Yield Savings Accounts Revealed
-
Side Hustles7 days agoLA Rental Prices Skyrocketing Despite Price Gouging Laws
-
Side Hustles7 days agoHow to Craft Marketing Campaigns That Reach Multiple Generations
-
Side Hustles5 days agoWhat to Do If TikTok is Banned — How to Protect Your Brand
-
Passive Income5 days agoHow Pets Can Promote Better Health and Well-Being in the Workplace
-
Side Hustles5 days ago10 Roles That Are Surprisingly Well-Suited for Outsourcing
-
Side Hustles6 days agoMeta Is Laying Off 5% of Its Workforce: Read the Memo