Renault has revealed a five-year plan called ‘Renault 2016 – Drive the Change’ which targets growth, continuous free cash flow of at least EUR2bn and sales of over 3m vehicles in 2013.
Operating margin target is over 5% of sales in 2013.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The plan aims to maintain investment and R&D spend below 9% of revenues.
A new C/D platform will be shared with Nissan for mid- and upper-range models, leading to the production of 1.5m vehicles a year.
Renault and Daimler are to share the A platform to build future Twingo and Smart models and light commercial vehicle platforms will benefit from agreements with Nissan and Daimler.
Eighty percent of models launched between 2014 and 2016 will be based on a platform shared with a partner, the automaker said.
By 2013 Brazil is expected to become Renault’s second-largest market, Russia its fourth – up five places and number one including Lada sales – and India its 11th, up 20 places.
