Renault set for makeover as a leaner carmaker under De Meo

French carmaker Renault's new Chief Executive Luca de Meo is set for his first major test on Thursday with a strategy reset aimed at lifting margins at the loss-making firm, and which is likely to focus on fewer, more profitable models.

The update for analysts and investors is the first glimpse of De Meo's full vision for Renault after taking the reins last July, in the middle of the coronavirus pandemic, following a stint running Volkswagen's Seat brand.Four years after former boss-turned-fugitive Carlos Ghosn unveiled his bombastic view for Renault, based on expanding car volumes globally, De Meo has already signalled a change of tack.

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