Oct 5, 2026 · 4 min · 5 segments
On this episode of Getting Down to Business, John Rucci goes over \- Renault making major electric vehicle investment \- OPEC+ holds Oil Production Steady \- Schneider Electric Nears $20 Billion…
The automaker says the money will focus on electric vehicles and making its cars more affordable.
CEO Francois Provost says Renault has already invested €13 billion in France over the previous five years, while transforming its factories' electric vehicle production.
Electric cars accounted for a record 42% of new vehicle registrations in France during September.
OPEC Plus decided Sunday to keep its oil production targets unchanged for November as global energy markets continue dealing with supply concerns.
Seven members, including Saudi Arabia, Russia, Iraq, and Pakistan, made the decision during an online meeting.
Oil supplies remain tight because several productions have been unable to reach their normal export levels.
Brent crude has remained above $100 per barrel, putting additional pressure on fuel and transportation costs.
The group has gradually raised production earlier this year, but has now paused those increases.
The automaker says the money will focus on electric vehicles and making its cars more affordable.
CEO Francois Provost says Renault has already invested €13 billion in France over the previous five years, while transforming its factories' electric vehicle production.
Electric cars accounted for a record 42% of new vehicle registrations in France during September.
OPEC Plus decided Sunday to keep its oil production targets unchanged for November as global energy markets continue dealing with supply concerns.
Seven members, including Saudi Arabia, Russia, Iraq, and Pakistan, made the decision during an online meeting.
Oil supplies remain tight because several productions have been unable to reach their normal export levels.
Brent crude has remained above $100 per barrel, putting additional pressure on fuel and transportation costs.
The group has gradually raised production earlier this year, but has now paused those increases.
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