Renault targets 5-7% operating margin in the medium term
(Il Sole 24 Ore Radiocor) - Milano, 10 mar - French automotive group announced its new futuREady business plan to 2030 in which it aims to achieve an operating margin of 5-7% and an automotive free cash flow of at least 1.5 billion euros per year on average.
The group plans to launch 36 new models between now and 2030, including 16 electric and 14 international, over five years, accelerating electrification and its international line-up.
It aims to bepresent on 55% of the global market, excluding the US, Canada and China.
It also aims to cut the cost of electric vehicles by 40%, preparing the EV offensive in the C-segment. It also aims to be the first European manufacturer to launch a Software Defined Vehicle (SDV) in Europe in 2026.
It aims to be able to develop a vehicle in two years and to achieve a 50% reduction in quality incidents. It also aims to cut variable costs per vehicle by around 400 euros per year on average, and reduce entry tickets by up to 40% It wants to increase productivity and reduce the network's breakeven point by at least 20% and produce over 300,000 vehicles per year for other manufacturers (Nissan, Mitsubishi Motors, Volvo Group (Renault Trucks), Geely, and Ford) by.
2030.
(RADIOCOR) 10-03-26 08:27:12 (0171) 5 NNNN