Renault Exits Car-Sharing, Scales Back EV Charging

Renault is a car company that has been trying new things like car-sharing and electric vehicle charging.

But now, the new boss, François Provost, thinks these ideas aren't making enough money.

So, Renault is stopping some of these services, like car-sharing in Milan and Madrid, and slowing down the building of fast-charging stations.

They will also move some workers around or let some go.

This is because the car industry is having a hard time, and Renault wants to spend its money on things that make more profit.

The new ideas were started by the old boss, Luca de Meo, in 2021, but now the company is changing its plans.