Renault SA

Rimac Group, the Croatian company best known for its 1,900 horsepower Nevera electric sports car, said it has raised 500 million euros (about $537 million) from investors including Goldman Sachs, Porsche and a technology fund advised by Japan's SoftBank.The new funding round values Rimac at over 2 billion euros.Rimac made headlines last year when it agreed to take a controlling interest in Bugatti, the ultra-exclusive French automaker that had long been part of the Volkswagen Group. As part of that deal, Bugatti and…

Details of Renault's Scénic Vision concept car were presented to the public on May 19, 2022. The firm's idea of developing a passenger vehicle that uses hydrogen technology is not unique.Benjamin Girette | Bloomberg | Getty ImagesRenault has released details of an electric-hydrogen hybrid concept car, with the French automaker describing hydrogen technology as being "one of the options to make electric vehicles more convenient."The design for Renault's Scenic Vision incorporates a hydrogen engine, electric motor, battery,…