Renault sees a double-digit margin for its Mobilize brand in 2027

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Reuters UK

By Gilles Guillaume PARIS (Reuters) -French carmaker Renault said on Tuesday it was targeting a double-digit margin for its new Mobilize brand built around new mobility and data solutions, which should represent 20% of Renault’s overall group turnover by 2030. Mobilize will focus on services like ride hailing, car sharing, subscription services and leasing where consumers pay for a vehicle’s use rather than owning it outright. The company is counting on this new business to help turn around its finances. In February, Renault posted an annual profit for the first time in three years. But its sa…

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