Renault calls off IPO for electric vehicle unit Ampere ...Middle East

PARIS: French carmaker Renault on Monday called off the IPO of its electric car and software subsidiary Ampere, saying the market conditions were no longer favourable, reported dpa news. “Renault Group considers that the current equity market conditions are not met to optimally pursue the IPO process in the best interests of Renault Group, its shareholders and Ampere,“ a statement said.Renault had originally aimed for Ampere shares to begin trading in the first half of the year. Renault said it was committed to building Ampere as a separate business and will continue funding it.Ampere is targetting a 40 per cent cost reduction per car for the next generation of vehicles by 2027. The Renault

Read More Details
Finally We wish PressBee provided you with enough information of ( Renault calls off IPO for electric vehicle unit Ampere )

Also on site :

• 'Explosive-laden vehicle hit convoy': 16 Pakistan troops killed in suicide attack
• USPS slammed as ‘failed system’ after 1,000s of letters & packages found abandoned in mail centers following huge delays
• ‘Like a wastepaper basket’: Life as a child refugee fleeing home