Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Motoring

    Renault to move up with revival plan

    China Daily | Updated: 2021-01-18 11:42
    Share
    Share - WeChat
    The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, on Oct 23, 2020. [Photo/Agencies]

    PARIS-French automaker Renault revealed an electric revamp of a beloved hatchback from the 1970s on Thursday to spearhead a revival plan after years of turmoil. The company is hoping to move upmarket as the industry races to make a clean-energy shift.

    Luca de Meo, the Italian industry veteran brought in after the arrest and ousting of ex-chief Carlos Ghosn, promised to streamline operations and focus on more profitable segments as he laid out his strategy blueprint for the next five years.

    At the vanguard will be a new version of the 5, once Renault's stalwart produced between 1972-96. It will be "an electric car that everyone can afford," De Meo said at a news conference.

    The original 5 was hugely popular and remains a favorite of collectors as well as rally fans ready to pay tens of thousands of dollars for turbocharged models.

    "It's instantly recognized by millions of drivers-it's free publicity," said Flavien Neuvy of France's Cetelem auto research group.

    Renault is banking on a similar success as it reduces its model range while hiking vehicle prices by thousands of dollars-aiming to lift operating margins to 3 percent by 2023 and more than 5 percent by 2025.

    It would be a major comeback from the 7.3 billion euro ($8.9 billion) loss chalked up in the first half of last year, when sales plunged as countries locked down to halt the coronavirus pandemic.

    Renault was an early adopter of electric vehicles for the masses under former chairman Ghosn. He was forced out in 2019 following his arrest in Tokyo on financial misconduct charges while head of the Renault-Nissan-Mitsubishi alliance.

    The company claims to have sold 325,000 electric vehicles in Europe since 2010. Although they are mainly small, subcompact cars like the Zoe or Twingo-a smaller and less profitable market compared to mid-size models.

    De Meo said he would now focus on larger cars among the 24 new models planned by 2025. Of these, 10 will be either battery or hydrogen-powered-set to represent 65 percent of sales.

    Renault will partner with Google on connected vehicles and artificial intelligence. Also, it is to build "the biggest electric car factory in Europe," which De Meo said could potentially be in northern France.

    Renault's bestselling low-cost brands Dacia and Lada will also introduce new models-a "Bigster" SUV for Dacia and a new version of Lada's Niva, the iconic Russian 4x4.

    But De Meo has abandoned Ghosn's goal of selling five million vehicles across 100 countries. He said he would target sales of 3.1 million by 2025 by focusing on high-potential countries in Latin America as well as India and South Korea.

    The firm will also step up cost-cutting plans, aiming for 3 billion euros in savings by 2025, but without more layoffs after the 15,000 job cuts announced last May.

    Renault's revamp also aims to help it repay an emergency 5-billion-euro loan last year from the French state, which owns a 15 percent stake in the automaker.

    Renault and its Japanese partners, Nissan and Mitsubishi, are the world's third-biggest automotive group by sales. It sold 10.2 million vehicles in 2019, behind Volkswagen and Toyota.

    But consolidation is set to continue. Companies are seeking to bulk up for the investments required in the shift to electric vehicles, as authorities worldwide clamp down on CO2 pollution.

    In the meantime, Renault has a homegrown competitor hot on its heels. PSA Group this month closed its merger with Fiat Chrysler, propelling the new group, Stellantis, into fourth place.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    日韩电影免费在线观看中文字幕| 蜜桃成人无码区免费视频网站| 久久久久久久久无码精品亚洲日韩 | 亚洲开心婷婷中文字幕 | 亚洲av无码片在线播放| 亚洲中文字幕久久精品无码喷水| 久久久久亚洲精品中文字幕| 亚洲成?v人片天堂网无码| 无码人妻精品一区二区蜜桃网站| 色噜噜亚洲精品中文字幕| 韩国免费a级作爱片无码| 亚洲成AV人在线观看天堂无码| 7国产欧美日韩综合天堂中文久久久久| 日韩电影无码A不卡| 成人无码一区二区三区| 亚洲av无码一区二区乱子伦as| 亚洲中文字幕无码爆乳av中文| 日韩乱码人妻无码系列中文字幕| 自拍中文精品无码| 99久久国产热无码精品免费久久久久| 中文字幕无码精品三级在线电影| 最近中文字幕免费2019| 天堂中文在线最新版| 中文字幕乱码人妻一区二区三区| 亚洲AV中文无码乱人伦| 免费无码一区二区| 亚洲?V无码乱码国产精品| 无码精品人妻一区| 伊人久久大香线蕉无码麻豆| 久久久久久av无码免费看大片| 波多野42部无码喷潮在线| 精品国精品无码自拍自在线| 未满小14洗澡无码视频网站| 无码国产色欲XXXXX视频| 无码精品日韩中文字幕| 精品无码人妻一区二区免费蜜桃 | 国内精品无码一区二区三区| 最近中文字幕免费大全| 亚洲桃色AV无码| 无码精品人妻一区二区三区人妻斩| 无码精品人妻一区二区三区漫画|