Carlos Ghosn : «Ce que Renault sera en 2022»

Summary

Carlos 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.