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
     
    狠狠综合久久综合中文88| 69久久精品无码一区二区 | 国产高清中文欧美| 中文字幕免费在线| 国产精品无码午夜福利| 亚洲中文字幕伊人久久无码| 中文字幕极速在线观看| 最近2019免费中文字幕视频三| 18禁裸乳无遮挡啪啪无码免费| 国产成人精品无码一区二区三区| 伊人久久精品无码av一区| 亚洲AV无码成人精品区蜜桃| 国产AV无码专区亚洲Av| 亚洲人成无码网站| 无码国内精品久久人妻麻豆按摩| 日韩中文字幕免费视频| 中文无码伦av中文字幕| 精品久久久久久久中文字幕| 无码内射中文字幕岛国片| 无码人妻精品一区二区蜜桃百度 | 少妇无码太爽了不卡在线观看| 一本无码中文字幕在线观| 公和熄小婷乱中文字幕| 中文字幕日本高清| 欧美日韩中文在线| 人妻中文字系列无码专区| 中文字幕丰满伦子无码| 亚洲精品无码国产| 中文午夜乱理片无码| 无码人妻精品一区二区三区蜜桃| 中文字幕无码久久久| 无码人妻精品一区二区三区99不卡| 国产午夜无码精品免费看| 久久久久久久久无码精品亚洲日韩| 色综合久久精品中文字幕首页| 精品久久久久中文字幕日本 | 伊人热人久久中文字幕| а天堂中文在线官网| 91中文字幕在线| 公和熄小婷乱中文字幕| 久久久久久国产精品无码下载|