Renault to unveil its new strategic plan on February 10

Article by Christian A., on February 1, 2011

On Feb. 10, 2011, Renault S.A. will unveil its new strategic plan, which will target a five percent operating margin, according to an unconfirmed report.

Renault’s new strategic plan, aside from the operating margin, envisions further synergies between its brands (Dacia, Renault, Samsung Motors) plus its Japanese partner Nissan Motor Co., BFM business radio reported without specifying its source.

Renault seeks to sell 3 million vehicles in 2013 compared with 2.62 million in 2010, French newspaper Les Echos recently reported.

Les Echos said the goal reflected Renault's scaled back ambitions given that its previous strategic plan, which it had to drop when the financial crisis struck in 2008, had a goal of 3.33 million sales in 2009.

Carlos Ghosn, Renault’s CEO, has already indicated that the carmaker will boost its efforts in developing electric and other low-pollution vehicles, as well as accelerate development in regions like Russia, Brazil and the Middle East.

Shaken by an industrial espionage scandal, Renault should announce the forecast, which excludes sales from its Japanese partner Nissan, at the presentation of its Feb. 10 strategic plan.

Renault has fired three employees on suspicions they leaked information about its high-profile EV program and has sued unnamed persons alleging information may have been passed to a foreign country. [via autonews - sub. required]

Topics: renault, plan, france

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