Advertisements
Renault is preparing to substantially reduce its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans.
According to Reuters,the company had already embarked on an overhaul of its ranges in 2009 but it still has between 45 and 50 models in its catalogue, under its own brand as well as Dacia, RSM, Lada and Alpine.
Renault, which last year posted its first net loss in 10 years and has been hit hard like its peers by the coronavirus crisis, declined to comment.
The carmaker, which is 15%-owned by the French state, is negotiating a 4 billion to 5-billion-euro aid package with the government to withstand the impact of the drop in sales and production due to the pandemic.
Advertisements
