BBCNEWS Business Briefing July 14, 2024
A failed merger and a boardroom bust up are the backdrop for renaults annual Shareholders Meeting which takes place in paris later today. The carmaker is in a race with its rivals to develop the technology of tomorrow that will bring in the profits those shareholders want to see. Less than a week ago renaults future seemed to involved a 39 billion merger with american italian rival Fiat Chrysler but it swiftly fell apart amid an acrimonious blame game. Last year renault brands sold 3. 88 million cars globally but it would be catapulted up from number eleven to the worlds third biggest if the F...