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TM$181-2.55%GM$47.53-0.75%F$11.82+1.71%TSLA$177+0.37%BYDDY$62.01+2.55%RIVN$11.14-2.18%NIO$5.03-1.10%STLA$22.24+0.16%TM$181-2.55%GM$47.53-0.75%F$11.82+1.71%TSLA$177+0.37%BYDDY$62.01+2.55%RIVN$11.14-2.18%NIO$5.03-1.10%STLA$22.24+0.16%
Market & Tech Reports2014-04-25Clean view

Renault updates management plan and sets new goals for 2017

Will integrate core functions with Nissan and enhance non-European businesses

Summary

In 2013, Renault sold 2.63 million vehicles worldwide, up 3.1% year-over-year (y/y). As in 2012, it sold more than 50% of its sales outside Europe. Revenues grew by 0.5% y/y to EUR 40.93 billion and its operating margin by 58.8% y/y to EUR 1.24 billion.

 In order to achieve its new goals in 2017, Renault aims to reduce costs by slashing workforce and introducing lean manufacturing system in France.
Renault sold more than 50% of its sales outside Europe. In Russia, it will implement joint purchasing with its partner in Russia, AvtoVAZ, and will improve the quality of the Lada product. In China, joint venture plant will be built to expand its business. In Brazil, an additional investment will be made to enhance production capacity. In Korea, Renault Samsung announced its medium-term plan to become the top three automakers in Korea by 2016. In India, Indonesia, and Morocco, Renault will form an alliance with local partners, boosting sales through enhancement of production capacity and introduction of low-priced models.

Renault will also strengthen its alliance with Nissan. By integrating the two companies’ business functions for research & development, production, purchasing, and human resources, the alliance intends to reduce costs and to improve the management efficiency. It will expand the scale of Common Module Family (CMF) or purchasing of parts to generate the economies of scale.

Related Reports:
Nissan develops “Datsun” car brand for emerging markets (Apr 2014)
Nissan: 80% of future vehicles will be based on new Module Strategy(Apr 2014)
European OEMs: 2013 results and 2014 outlook(Apr 2014)

Local Reconstruction Note

This article has been expanded from the visible local mirror text, headings, tags, image captions, tables, and related local article titles. It is presented as a reconstructed reading version, not as a hidden original document.

Renault’s goals and strategies

The source outline identifies this section as part of “Renault updates management plan and sets new goals for 2017”. Based on the available local metadata, this section should be read through the lens of Common Module Family, Clio, Samsung SDI, AvtoVAZ, Production Forecast, Automotive and the visible introduction, figures, captions, and tables.

France: Production enhancement and reduction of workers

The source outline identifies this section as part of “Renault updates management plan and sets new goals for 2017”. Based on the available local metadata, this section should be read through the lens of Common Module Family, Clio, Samsung SDI, AvtoVAZ, Production Forecast, Automotive and the visible introduction, figures, captions, and tables.

Russia: Establishing joint purchasing company with AvtoVAZ

The source outline identifies this section as part of “Renault updates management plan and sets new goals for 2017”. Based on the available local metadata, this section should be read through the lens of Common Module Family, Clio, Samsung SDI, AvtoVAZ, Production Forecast, Automotive and the visible introduction, figures, captions, and tables.

China: Establishing JV plant with Dongfeng / Korea: Renault Samsung's new business plan

The source outline identifies this section as part of “Renault updates management plan and sets new goals for 2017”. Based on the available local metadata, this section should be read through the lens of Common Module Family, Clio, Samsung SDI, AvtoVAZ, Production Forecast, Automotive and the visible introduction, figures, captions, and tables.

Updates in other markets

The source outline identifies this section as part of “Renault updates management plan and sets new goals for 2017”. Based on the available local metadata, this section should be read through the lens of Common Module Family, Clio, Samsung SDI, AvtoVAZ, Production Forecast, Automotive and the visible introduction, figures, captions, and tables.

Related Local Signals

Nearby records in the local archive include Global Top 10 OEMs Production Forecast (Q4 2025); Chinese market : Chinese OEMs take 70% share as foreign OEMs struggle; Global Top 10 OEMs Production Forecast (Q3 2025); Nissan pursues profit recovery with Re:Nissan plan. These titles can be used as adjacent evidence when comparing suppliers, technologies, markets, and reporting periods.