Renault: presents strategic 'Drive The Future' plan.
(CercleFinance.com) - Renault is presenting its new six-year strategic plan called "Drive The Future" today.
At the end of the plan, it targets annual revenues of over 70 billion euros, a group operating margin of over 7% with a minimum of 5%, and a positive cash flow each year.
Under the plan, the Group targets over 40% sales growth to more than 5 million vehicles sold, compared with the 3.47 million vehicles sold in 2016.
The Group aims to expand its product range, including utility vehicles and new electric zero emission vehicles. This plan also intends to capitalise on R&D and global economies of scale from Renault-Nissan-Mitsubishi, while maintaining its financial discipline and profitability.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
At the end of the plan, it targets annual revenues of over 70 billion euros, a group operating margin of over 7% with a minimum of 5%, and a positive cash flow each year.
Under the plan, the Group targets over 40% sales growth to more than 5 million vehicles sold, compared with the 3.47 million vehicles sold in 2016.
The Group aims to expand its product range, including utility vehicles and new electric zero emission vehicles. This plan also intends to capitalise on R&D and global economies of scale from Renault-Nissan-Mitsubishi, while maintaining its financial discipline and profitability.
Copyright (c) 2017 CercleFinance.com. All rights reserved.