Renault to Cut 800 Engineering Jobs in France

Renault has announced a voluntary departure plan for 800 engineers in France by the end of 2027. The company says the move is a response to competition from China. The announcement comes as Renault reminds Nissan of its influence, following the ouster of a former banker. Meanwhile, Honda, Nissan and Mitsubishi are looking at standardizing next-generation parts to cut costs.