Renault Group has responded to speculation that it is planning to sell some of its assets at the Dacia plant in Romania saying t may split its businesses but no staff layoffs were planned.
The French carmaker has been pushing ahead with plans to split its electric vehicle and combustion engine businesses as it seeks to catch up with rivals such as Tesla and Volkswagen in the race to cleaner driving.
Renault has received several proposals for the combustion-engine division which would include all its Romanian assets, Autonews.com reported.
It plans a separate entity for electric vehicles and software, two sources familiar with the matter told Reuters.
However, it will not be a controlling shareholder of the combustion engine unit, two sources familiar with the plans said. One of the sources said Renault might hang on to a 40% stake.
In a statement sent to Profit.ro, it said the scenario for creating two separate businesses was “ part of the Renaulution plan, which is self-financed by the Renault Group.”
“We are not considering staff reductions or separation of certain activities or entities,” it said in its statement.
„For the new entity that regroups the production activities of the combustion engine business, some partner shareholders are being considered.”
“ The condition for accepting such partners is to have a logic of both product development and industry”
“ Renault Group will keep the Dacia brand and its activity in Romania,” it said.
“The Renault Group does not need to sell assets to finance the new EV entity.
There will be more information released in the autumn, the statement added.
Dacia a ajuns la 10 milioane de autovehicule produse de la înfiinţare
