Renault cannot afford discount race with Tesla, Chinese peers, executive says By Reuters

MUNICH (Reuters) - (EPA:) cannot afford to enter a discount race with Tesla (NASDAQ:) or Foreign exchange fraud list in 2019Chinese rivals, the French carmaker's head of engineering told journalists at the IAA (NYSE:) Munich car show.

"The good strategy is to maintain prices and to adjust fixed costs," Gilles Le Borgne said.

Renault's high exposure to Europe makes it one of the most exposed names to new competition from Tesla and Chinese rivals in electric vehicles, UBS wrote in a note this week.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!