Autonomous Vehicle News
Renault CEO Luca de Meo has picked officials including a former Apple executive to help him prepare the Ampere electric-vehicle business for an initial public offering, according to people familiar with the situation. De Meo has already selected around 15 in-house managers for the Ampere project he is leading, said the people, who asked not to be named discussing internal company matters. The managers are still busy with the entity's carve out and will also continue in their day-to-day jobs, they said. Renault is in the middle of a sweeping overhaul to raise funds for EV development and narrow the gap with bigger rival Stellantis. Renault is aiming for a roughly 10 billion euros ($10.6 billion) valuation, Bloomberg reported in November.