© Reuters. FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Vertou, near Nantes, France, January 17, 2022. REUTERS/Stephane Mahe
PARIS (Reuters) – French car maker Renault (EPA:) will not go ahead with an initial public offering of its electric vehicle unit Ampere, planned for next year, if the valuation is too low, Renault chief executive Luca de Meo said on Wednesday.
“We are not crazy,” de Meo told reporters ahead of an investor presentation aimed at drumming up support for the IPO.