#automotive-industry

#automotive-industry

"We know that getting this resolved quickly is important to you. Our top priority is to securely restore impacted applications, although we do not have a firm timeline on this yet."

Renault plans to reduce its number of engineers by 15 to 20% in the coming two years, meaning up to 2,400 of the current 11,000 to 12,000 engineers worldwide would have to leave the company.

The trial, which began in Munich in February, sees two former Development Board chairs and two leading engineers facing charges for their alleged role in the massive environmental and business scandal that first made global headlines over a decade ago.

92 per cent of UK automotive employers report difficulty filling roles, making it the hardest-hit sector for recruitment in the country. The figure sits almost 20 percentage points above the national average, where 73 per cent of employers say they are unable to find suitable candidates.

TD Cowen's Itay Michaeli believes significant sales uptake for the R2 will far exceed what Wall Street is currently modeling, potentially unlocking profitability and sending shares higher. He forecasts full-scale U.S. demand for the model in the range of 212,000 to 335,000 units annually once production hits stride. That range sits well above consensus estimates and could drive meaningful upside to 2027 revenue and EBITDA forecasts.