Renault Could Pull Out Of Markets, Products In Strategy Review - Interim CEO

Renault is expected to refocus its operations, as it and Nissan, like many peers, are struggling with falling sales in a faltering global auto market.

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Renault has not ruled out withdrawing from some products or markets as part of a review of its mid-term goals, the carmaker's interim chief executive Clotilde Delbos said on Tuesday. The strategic review is expected to be completed within a few months, and investors are hoping that will allow Renault to turn a page on months of uncertainty after the arrest last year of Renault-Nissan alliance boss Carlos Ghosn.

"We will avoid it if we can ... but we have to ask ourselves the question ... can we just keep up the same strategy? I don't think so. The market is changing, we have to adapt," Delbos said at a conference. Delbos added that she was sure it was possible to make the carmaker's alliance with Nissan a lot more efficient that it was at the moment.

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Renault is expected to refocus its operations, as it and Nissan, like many peers, are struggling with falling sales in a faltering global auto market.

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Financial chief Delbos was propelled into her current job on a temporary basis after CEO Thierry Bollore's ousting in mid-October. Delbos has applied to take the job on a permanent basis, two sources familiar with the matter told Reuters earlier this month. When asked on Tuesday if she wanted to be permanent CEO, Delbos declined to comment.



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