Renault CEO questions wisdom of electric vehicle price cuts
Renault CEO Luca de Meo on Thursday questioned the wisdom of price cuts rivals have been implementing in a bid to bolster market share for their electric vehicle fleets."We've seen competitors moving prices up and down, etcetera, etcetera this is their decision. But I don't think it's a very healthy practice in the long term," he told CNBC."As electric cars are ramping up in Europe, we need to have a healthy business, and so, in the case of Renault, the last thing I'm going to do is to compromise on the margins, you know,…