Renault bets on electric after 2020 sales slump

French auto giant Renault on Tuesday reported a sharp drop in 2020 sales amid the coronavirus pandemic, while unveiling its plans for the transition to electric- and hydrogen-powered vehicles. The group, which includes the Japanese brands Nissan and Mitsubishi, has suffered since it missed out on a tie-up with Fiat-Chrysler, and ex-boss Carlos Ghosn was accused of financial misconduct by Japanese authorities. On Tuesday, Renault laid out a roadmap to recover the initiative, after sales by volume slumped by 21.3 percent last year to 2.9 million vehicles in a market that was 14.2 percent lower o…

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