on RENAULT (EPA:RNO)
Renault and Ford form a strategic alliance for electric vehicles in Europe
Renault Group and Ford have signed a crucial strategic partnership to develop two new Ford electric vehicles on Renault's Ampere platform. This partnership aims to strengthen the competitiveness of both companies in the rapidly evolving European electric vehicle market. These models will be produced in France, showcasing Renault's industrial expertise. The first vehicle is expected in early 2028.
In parallel, a letter of intent was signed to explore cooperation in the light commercial vehicle sector in Europe. This alliance aims to integrate Renault's industrial scale with Ford's distinctive design and driving performance.
François Provost of Renault emphasizes the increased innovation resulting from this cooperation. Jim Farley of Ford considers this agreement essential for strengthening their effectiveness in Europe.
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