Renault CEO Luca de Meo stated the enterprise world was bracing for a potential recession, including that the automaker is robust sufficient to have the ability to climate that “storm.”

“The world is now very a lot afraid of a potential recession within the subsequent few months and it’s going to be our subsequent problem,” he stated on Wednesday throughout an financial convention organized in Italy by the Il Sole 24 Ore newspaper.

De Meo added: “I consider we at Renault Group have confirmed to be resilient and inventive sufficient to beat the subsequent stormy sea.”