Renault has received several partnership proposals for the combustion engine unit it plans to create alongside one dedicated to electric vehicles and software, two sources familiar with the matter said. Renault plans to separate its electric and conventional car businesses, creating two entities to manage the shift towards fossil-free vehicles. "The group has already received partnership demands" for its internal combustion engine unit, one of the sources said.
Renault struck a deal to sell its majority stake in Avtovaz to a Russian science institute, reportedly for the symbolic sum of just one rouble, with a six-year option to buy it back. Sokolov, who served as Russia's transport minister from 2012-2018, is replacing Nicolas Maure, who began his tenure in May 2021.
CEO Luca de Meo, could return to Japan for the Renault-Nissan-Mitsubishi alliance's next Alliance Operating Board (AOB) meeting, the source said. The AOB is exceptionally taking place in Japan for the second time in a row to coincide with Nissan's general meeting, the source added. This would be de Meo's second time in Japan in two months, after he recently spent several days with his Japanese partners.