Carlos Ghosn : «Ce que Renault sera en 2022»

Le Figaro

6 Oct 201707:29

Summary

TLDRCarlos Ghosn, the former CEO of Renault, discusses the company's strategic plan covering the period from 2017 to 2022. The plan focuses on growth, aiming for a 30-7% increase in sales, with a projected revenue of €70 billion by the end of the plan. Ghosn highlights the importance of financial discipline, with a projected operational margin exceeding 7% and positive cash flow each year. The goal is to sell over 5 million vehicles by the end of 2022, a 40% increase from 2016 sales. The growth strategy includes international expansion, particularly in Russia, China, and Iran, and a significant push towards electric vehicles. Renault, as part of the Renault-Nissan-Mitsubishi Alliance, has been a pioneer in electric vehicles and aims to have 20% of its automotive offering be purely electric. Ghosn expresses confidence in Renault's future, regardless of who leads the company in 2022, due to significant investments in autonomous and connected cars, mobility services, and the expansion of electric vehicles.

Takeaways

🚗 Renault's new mid-term plan covers the period from 2017 to 2022 and is focused on growth, aiming for a 30-7% increase in sales.
📈 The plan anticipates a revenue of 70 billion euros by the end of the plan, with an operational margin exceeding 7% and a positive cash flow each year.
🌍 By the end of 2022, Renault aims to sell over 5 million vehicles, which represents a volume growth of over 40% from 2016 figures.
🏆 Renault intends to remain the second most important brand in Europe, despite a highly competitive market with limited growth.
🌐 The primary growth is expected to come from international markets, particularly Russia, China, and Iran, where Renault has significant investments.
🔋 Renault has been a pioneer in the electric vehicle (EV) market and currently has about half of the global EV fleet, with plans to expand its EV offerings.
🚀 The company has announced eight new electric vehicles under the Renault brand, aiming for about 20% of its automotive offer to be fully electric during the plan period.
🤝 Renault's alliance with Nissan and Mitsubishi supports its expansion in EVs, leveraging shared technologies and a common approach to the market.
🇫🇷 Renault maintains its French identity within the alliance, combining the strengths of diverse companies for efficiency and innovation.
⏰ Carlos Ghosn, the CEO, expresses confidence in Renault's future by 2022, whether he remains at the helm or not, due to significant investments in autonomous and connected vehicles.
🚀 Renault plans to launch its first autonomous vehicle in 2019, marking a key milestone in its technological advancement.

Q & A

What is the main focus of Renault's mid-term plan covering the period from 2017 to 2022?
-The main focus of Renault's mid-term plan is growth, aiming for approximately 30-7% growth in revenue, confirming a target of 70 billion euros in turnover by the end of the plan.
What is the projected increase in vehicle sales for Renault by the end of the plan in 2022?
-The projected increase in vehicle sales for Renault by the end of 2022 is more than 5 million cars, representing a growth in volume of over 40% from the 2016 sales figures.
How does Renault plan to achieve its growth targets, particularly outside of Europe?
-Renault plans to achieve its growth targets by focusing on international markets, particularly Russia, China, and Iran, where they aim to capitalize on market recoveries and expansions.
What is Renault's current market share in China, and what is the target for the end of the plan?
-As of 2016, Renault sold less than 40,000 cars in China. The target for the end of the plan is to sell more than 550,000 cars in China.
How does Renault's alliance with Nissan and Mitsubishi support its strategy for electric vehicles?
-Renault's alliance with Nissan and Mitsubishi supports its strategy for electric vehicles by leveraging shared experiences and technologies, with the alliance currently comprising almost half of the global electric vehicle fleet.
What percentage of Renault's automotive offering is expected to be purely electric by the end of the plan?
-By the end of the plan, approximately 20% of Renault's automotive offering is expected to be purely electric.
What is Renault's stance on the electrification of vehicles and how does it align with government incentives?
-Renault is a pioneer in vehicle electrification and acknowledges that the shift towards electric vehicles is largely encouraged by public authorities rather than spontaneous consumer demand. The company is prepared to adapt to government policies and market trends.
How does Renault maintain its French identity while being part of an international alliance?
-Renault maintains its French identity by focusing on its unique initiatives and approaches within the alliance, combining the strengths of diversity with the efficiency of shared resources and strategies.
What is Carlos Ghosn's confidence level in Renault's future, regardless of whether he remains as CEO?
-Carlos Ghosn is very confident in Renault's future by 2022, whether he is leading the company or not, due to the significant investments made in recent years and the planned investments in autonomous vehicles, connected cars, and mobility services.
When is Renault planning to release its first autonomous vehicle?
-Renault is planning to release its first autonomous vehicle in 2019.
What is the significance of Renault's experience in electric vehicles for its future development?
-Renault's experience in electric vehicles, with eight years of development since 2009, provides the company with an indispensable asset for future development in the field of electric mobility.
How does Renault's financial discipline factor into its strategic plan?
-Financial discipline is a key factor in Renault's strategic plan, with the operational margin expected to exceed 7% by the end of the plan and a positive cash flow maintained throughout the period.

Outlines

00:00

🚗 Renault's Growth and Strategic Plan Summary

Carlos Ghosn, the key witness, discusses Renault's new mid-term plan covering the period from 2017 to 2022. The plan is one of growth, with a projected increase of about 30-7% in sales, confirming a revenue of 70 billion euros by the end of the plan. This growth is expected to occur within a strict financial discipline, with an operational margin exceeding 7% and a positive cash flow every year. The plan also includes a significant international expansion, particularly in Russia and China, with a goal of selling over 5 million vehicles by the end of 2022, marking a volume increase of over 40%. Additionally, the plan focuses on electric vehicles, where Renault has been a pioneer, and the alliance with Nissan and Mitsubishi will support this expansion. Renault's electric vehicle portfolio is expected to grow, with 8 new models to be introduced during the plan period, and about 20% of the car offerings to be purely electric.

05:00

🌍 Renault's Global Market Strategy and Future Outlook

Carlos Ghosn addresses the pace of the market shift towards electric vehicles in Europe, which he believes will heavily depend on government decisions and policies. He remains cautious about the sales evolution but emphasizes Renault's role in developing the electric vehicle supply. Ghosn also discusses Renault's identity as a French group within the Renault-Nissan-Mitsubishi alliance, highlighting the strength of diversity combined with efficiency. When asked about his position in 2022, Ghosn responds that it's uncertain and depends on many factors. However, he expresses strong confidence in Renault's future, regardless of who leads it, based on the investments made in recent years and the planned investments in autonomous vehicles, connected cars, and mobility services. Ghosn also mentions that Renault's first autonomous vehicle is expected in 2019.

Mindmap

Keywords

💡Growth

Growth in the context of the video refers to the expansion of Renault's business and sales. The script mentions a growth of 30-7% in Renault's business, which is a significant part of their strategic plan for the period of 2017-2022. This growth is tied to their financial discipline and operational margin goals, indicating a focus on both increasing sales and maintaining financial health.

💡Mid-term Plan

The mid-term plan outlined in the script covers the period from 2017 to 2022 and is a strategic roadmap for Renault's future. It includes financial goals, sales targets, and the expected growth trajectory of the company. The plan is integral to understanding Renault's vision for its future operations and market position.

💡Financial Discipline

Financial discipline, as mentioned in the script, is a key aspect of Renault's strategic plan. It involves managing investments and costs rigorously to ensure a positive cash flow and an operational margin exceeding 7% by the end of the plan. This concept is crucial for understanding Renault's approach to sustainable growth and profitability.

💡Operational Margin

The operational margin is a financial metric that represents the profit a company makes from its core business operations. In the script, Renault aims to exceed an operational margin of 7% by the end of their strategic plan, which signifies their commitment to operational efficiency and profitability.

💡Global Expansion

Global expansion is a strategic move by Renault to grow its presence in international markets. The script highlights Renault's efforts to increase sales in Russia, China, and Iran, with specific targets mentioned for each market. This expansion is a key driver of the anticipated growth in vehicle sales and revenue.

💡Electric Vehicles (EVs)

Electric vehicles (EVs) are a significant part of Renault's future strategy, as indicated by their plan to have a substantial portion of their product offerings be electric or electrified. The script mentions Renault's history as a pioneer in EVs, with the ZOE model being well-known. They aim to leverage their experience and the growing market convergence towards EVs to their advantage.

💡Alliance

The alliance mentioned in the script refers to the partnership between Renault, Nissan, and Mitsubishi. This collaboration is a strategic move to combine strengths and share technological advancements, particularly in the area of electric vehicles. The alliance is a key factor in Renault's ability to expand its global footprint and product offerings.

💡Autonomous Vehicles

Autonomous vehicles are self-driving cars that use technology to navigate without human input. The script indicates that Renault is investing in the development of autonomous vehicles, with the first Renault autonomous vehicle expected in 2019. This technology is part of Renault's innovation strategy and a step towards the future of mobility.

💡Connected Cars

Connected cars are vehicles equipped with technology that allows them to communicate with other devices and systems, providing various services and functionalities. The script suggests that Renault is investing in connected car technology as part of their strategic plan, which is likely to enhance customer experience and open up new business opportunities.

💡Mobility Services

Mobility services refer to transportation services that are flexible, on-demand, and often technology-driven. The script indicates that Renault is looking to invest in and develop mobility services, which could include car-sharing, ride-hailing, or other innovative transportation solutions.

💡Market Share

Market share is the portion of the total market for a particular product or service that a company controls. In the script, Renault's goal is to increase its market share, particularly in international markets like China and Iran. For example, the script mentions an aim to sell over 550,000 vehicles in China by the end of the plan, which would significantly increase their market share there.

Highlights

Renault's new mid-term plan covers the period 2017-2022 with a focus on growth, aiming for a 30-7% increase in sales.

Groupe Renault aims to exceed a 7% operational margin and have a positive cash flow in each year of the plan.

The plan projects a €10 billion revenue increase by the end of 2022, representing over 5 million vehicles sold.

Renault aims to grow sales volume by over 40% from 2016 levels to pass the 5 million vehicle mark by 2022.

Growth will be primarily driven by international expansion outside Europe, where Renault expects a stable market.

Russia and China are key growth markets, with Renault targeting over 550,000 vehicles sold in China by the end of the plan.

Renault aims to capture 30% of the Iranian market, where it sold around 100,000 vehicles in 2016.

The group will continue to be a major player in Europe, maintaining its position as the second most important brand.

Renault has been a pioneer in electric vehicles and currently has about half of the global electric vehicle fleet.

The plan includes launching 8 new electric Renault models, with 20% of the brand's offerings being fully electric by the end of the plan.

Around 50% of Renault's product offering will be electric or electrified by 2022, including plug-in hybrids.

Renault's 8 years of experience in electric vehicles gives it a competitive advantage as the market grows.

The shift to electric vehicles in Europe will depend heavily on government policies and incentives.

Renault's alliance with Nissan and Mitsubishi allows for diversity and efficiency, combining different strengths and approaches.

Carlos Ghosn is confident in Renault's future growth regardless of who leads the company in 2022, thanks to major investments in autonomous, connected cars and mobility services.

Renault plans to launch its first autonomous vehicle in 2019.

Ghosn emphasizes the importance of executing the plan as outlined to achieve the group's ambitious goals.