Renault to take full ownership of Flexis

Becky Schultz Vice President of Content, Power Division

23 February 2026

Renault Group, Volvo Group and CMA CGM have announced an agreement to make a strategic change to the business model of Flexis SAS, under which Renault will buy Volvo’s 45% ownership and CMA-CGM’s 10% shares, assuming full ownership of the joint venture established by the three companies in 2024…

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