Renault Group launches futuREady

10 Mar Renault Group launches futuREady

(Oilandgaspress) – futuREady revolves around the product and the customer experience, technological innovation and operational excellence. At the same time, it is based on a strong commitment to employees, suppliers, dealer networks and partners. The product remains front and centre of this strategy. Renault Group will launch 36 new models between now and 2030, accelerating electrification and also its international line-up. Over the medium term, Renault Group aims to generate consistently robust and resilient financial results, with a Group operating margin of between 5% and 7% of revenue and an Automotive free cash flow superior or equal to €1.5 billion per year on average.

“futuREady, our new strategic plan, is a crucial step in the future of Renault Group. In an environment that is even more competitive, we can build on solid fundamentals: our brands, our products and our financial results. Since my appointment as CEO last July, we have been working with the whole team worldwide to develop a plan that will set the Group on the path to robust and sustainable performance, whatever the challenges ahead. Nine months on, I take great pride in what we have achieved together, set out in our futuREady vision. The plan is based on four pillars. First, growth and products. We plan to launch 36 new models between now and 2030 and substantially transform the customer experience during the lifetime of our vehicles. Second, we will accelerate our technological roadmaps for all key technologies. We will also set highly ambitious goals for operational performance, with the widespread use of AI. Finally, we will be implementing this plan collectively, as we have done for over 127 years. I am referring here first to our workforce, but also to our dealers, partners and suppliers. Together, through futuREady, we will show that we are here for the long term and we will become the benchmark for the European automotive industry on the global stage.” – François Provost, CEO of Renault Group

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