Renault In Talks With AutoNation For Alpine Sales In US: Report

by Shivani Kumaresan, Benzinga Staff Writer

February 16, 2023 9:35 AM | 1 min read |

Renault ADR RNLSY is in talks with the U.S. auto dealer AutoNation Inc AN to begin selling Alpine sports cars.
The move is part of a plan to boost brand building for Alipne cars which have sold only a few thousand vehicles, Bloomberg reported.
Renault's CEO, Luca de Meo, said other options are also being perused to accelerate Alpine's North American presence.
"It's not easy because we are not present in the US and we have to start from scratch," said de Meo.
In November, Renault said it aims to become a Next Gen automotive company built on five focused businesses addressing all the new value chains.
Renault's 2022 group revenue totaled €46.4 billion, up 11.4% from 2021.
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