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]

If you liked the article, share on:

Topics: renault, plan, france

Comments

Recommended

It has been nearly eight years since Toyota entered a new era of sports cars when it officially unveiled the production version of the Toyota 86 – also known as...
by - February 27, 2019
The new Audi TT RS – yes, the top version of the German carmaker’s facelifted TT model series – is now officially here. If you could remember, the range-topping TT...
by - February 18, 2019
Nearly half a year ago when McLaren Automotive unveiled the McLaren 600LT Coupe, the British carmaker is now introducing a version that lets its passengers enjoy the thrill of an...
by - January 25, 2019
German carmaker Volkswagen is now making the latest evolution of the new Volkswagen Golf GTI -- the new Golf GTI TCR. First unveiled as a concept at the annual GTI...
by - January 24, 2019
It has been three and a half years since BMW unveiled the sixth generation of the BMW 7 Series. Thus, it is really about to give the 7 Series a...
by - January 17, 2019