Published by Global Banking & Finance Review®
Posted on November 4, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleRenault CEO Francois Provost urges flexibility on EU CO2 targets, highlighting the challenges for carmakers to meet 2030 goals and requesting a delay on the thermal engine ban.
PARIS (Reuters) -Renault boss Francois Provost said on Tuesday no carmaker in Europe can meet emission targets on vans or cars by 2030, calling for flexibility on the European Union's CO2 targets. Speaking at an event organised by French car body PFA, Provost added Renault should be able to reduce its production of utility vehicles by the end of 2025 or early 2026 without impacting its broader European targets.
Provost had told France 2 TV on Monday that Renault was asking for a 10-year delay on the EU's ban on thermal engines.
(Reporting by Gilles Guillaume;Writing by Alessandro Parodi;Editing by Sudip Kar-Gupta)
The automotive industry encompasses the design, development, manufacturing, marketing, and selling of motor vehicles, including cars, trucks, and motorcycles, and plays a significant role in the global economy.
Sustainability in business refers to practices that meet present needs without compromising the ability of future generations to meet their own needs, often focusing on environmental, social, and economic impacts.
A regulatory framework consists of the laws, regulations, and guidelines that govern the operations of businesses and industries, ensuring compliance and promoting fair practices.
Emission targets are specific goals set to limit the amount of pollutants released into the atmosphere, often aimed at reducing greenhouse gas emissions to mitigate climate change.
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