Renault to Create New Unit to Centralize Mobility Services
October 09 2019 - 4:07AM
Dow Jones News
By Carlo Martuscelli
French car maker Renault SA (RNO.FR) said Wednesday that it is
creating a new operating subsidiary called RENAULT M.A.I. to
consolidate its mobility-services offering.
The company said that over the past four years it has developed
its car services through a number of ventures, which include
Renault MOBILITY, Zity, Moov'in.Paris and Marcel. It has also made
a number of acquisitions and investments in startups in the field,
such as Karhoo, Yuso, Como and others.
The aim of the new subsidiary is to bring its mobility
activities into a single unit in order to create synergies, as well
as simplify decision making, Renault said.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
October 09, 2019 03:52 ET (07:52 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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