PARIS – Renault SA says it has lowered its research and development costs 50% since 2005, without reducing any technology programs, including engines, transmissions and electric vehicles. The achievement exceeds Renault’s goal of a 40% reduction under its Contract 2009 plan. “A program that cost us €100 million ($143 million) in 2005 costs €50 million ($72 million) now,” Chief Operating Officer Patrick Pelata says in a round-table discussion with reporters. Renault already set a goal ...

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