Renault still open to supply technology to rivals to make cars cheaper, CEO says

MILAN (Reuters) -French automaker Renault is willing to supply technology to other carmakers to help increase the total output of vehicles with shared features that make them cheaper to manufacture, CEO Luca De Meo said on Tuesday. De Meo, an Italian national, told a parliamentary hearing in Rome that Renault was not discouraged by its recent failed attempt to cooperate with Germany's Volkswagen. Renault, which over the years has cooperated in specific areas of the market with several of its rivals, including Mercedes and Fiat, last year started discussions with Volkswagen over a plan to jointly develop an affordable electric version (EV) of the Renault Twingo small car.