Incoming Renault CEO says he's ready for turnaround challenge

Renault'sincoming Chief Executive Luca de Meo said on Friday he was confident the ailing French carmaker, which has just launched major cost cuts, could deliver a positive surprise for investors after a period of faltering sales and margins.Addressing shareholders at an annual meeting, De Meo said he shared a "sense of urgency" with teams at Renault to deliver on its restructuring."I've always liked to go where there are challenges," De Meo said, adding he was very conscious that Renault faced p