Europe@feddit.orgEnglish · 2 months ago

Renault to cut up to 20% of engineers as competition from China heats up

www.straitstimes.com

Renault to cut up to 20% of engineers as competition from China heats up

www.straitstimes.com

schizoidman@lemmy.zip to

Europe@feddit.orgEnglish · 2 months ago

Renault to axe up to 20% of engineers as competition from China heats up

www.straitstimes.com

The French automaker currently employs more than 11,000 engineers around the world. Read more at straitstimes.com. Read more at straitstimes.com.

cross-posted from : https://lemmy.zip/post/62563422

Renault has relied on Chinese parts and its research and development operations in Shanghai to develop the sub-20,000 euro (S$30,000) electric Twingo, which the company will start selling in 2026. Mr Provost has pledged to apply the lessons learned in China at its R&D hubs in France, notably at the the sprawling Technocentre complex near Paris.

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2 months ago
The goal isnt to beat the competition. The goal is that few very very rich people stay rich. If the Chinese do it cheaper the answer is simple.

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