Renault

Renault is a French multinational automobile manufacturer established in 1899.

Categories

Industrial Manufacturing  

#1330

Rank

$12.08B

MarketCap FR

FR France

Country

Summary

Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally. The company operates through Automotive, AVTOVAZ, Sales Financing, and Mobility Services segments. It offers passenger and light commercial, and electric vehicles primarily under the Renault, Dacia, Renault Samsung Motors, Alpine, LADA, Jinbei & Huaasong, and Eveasy, as well as under the Nissan, Datsun, and Infiniti brands. The company also sells powertrains and used vehicles, and spare parts; and provides various services, including vehicle sales financing, rental, maintenance, and service contracts. In addition, it offers finance for the purchase on inventories of new and used vehicles, and replacement parts; designs, produces, and sells converted vehicles; Renault EASY CONNECT for Fleet, a connected service for business users; and produces driving aids, such as steering-wheel mounted accelerators and brakes, multifunction remote control units to operate indicators, lights and horns, pedal transfers, etc.; and manual or electric swivel seats. Renault SA was founded in 1898 and is based in Boulogne-Billancourt, France.


History

Renault was founded in 1898 by Louis Renault and his brothers Marcel and Fernand. The first Renault car was the Renault Voiturette 1CV, sold in 1898. Renault began manufacturing its own engines in 1903 and became the best-selling foreign brand in New York in 1907-1908.

Renault's participation in motor racing helped to publicize its vehicles, and the company fostered its reputation for innovation from early on. During World War I, Renault branched out into ammunition, military aircraft engines, and vehicles, including the revolutionary Renault FT tank. Louis Renault was awarded the Legion of Honour for his company's contributions. Renault later expanded into manufacturing buses, commercial cargo vehicles, and trucks.

Louis Renault expanded Renault's scope after the First World War, producing agricultural and industrial machinery. Renault struggled to compete with the increasingly popular small, affordable "people's cars." Problems with the US stock market and the workforce slowed the company's growth. Renault also had to find a way to distribute its vehicles more efficiently. In 1920, Louis signed one of its first distribution contracts with Gustave Gueudet. Renault cars during this time period had two model lines; the economy four-cylinder engine models and the luxury six-cylinder models. Renault offered eight body styles. The London operation was important to Renault in 1928. Renault took over the aircraft manufacturer Caudron and focused on producing small airplanes. During the late 1920s and early 1930s, Renault was surpassed by Citroën as the largest car manufacturer in France.

During World War II, Renault refused to produce tanks for Nazi Germany and instead produced trucks. In 1942, the British and Americans bombed the Renault factory causing heavy damage. After the liberation of Paris in 1944, the French government requisitioned the Renault factories and Louis Renault was arrested and incarcerated, dying under unclear circumstances while awaiting trial. The company was posthumously expropriated from Louis Renault and nationalized as Régie Nationale des Usines Renault. Under the leadership of Pierre Lefaucheux, Renault experienced both commercial resurgence and labor unrest in the 1950s and 1960s. The company launched several successful models, including the rear-engine 4CV, the Dauphine, Renault 4, Renault 8, Renault 10, Renault 16, and Renault 6. The company celebrated its 25th anniversary in 1970 and continued to grow aggressively.

During the 1960s and 1970s, Renault expanded globally by establishing subsidiaries in Eastern Europe, South America, and South East Asia. The company also diversified into other industries, including taking a controlling stake in Automobiles Alpine and collaborating with Nash Motors Rambler and its successor American Motors Corporation. Renault tried to penetrate the North American market but failed. The company also collaborated with Peugeot until the latter acquired Citroen and formed PSA, reducing their collaboration. In 1980, Renault produced over two million cars and LCVs and added 54,086 buses/coaches and trucks. Renault partnered with American Motors Corporation, lending AMC operating capital and buying a minority 22.5% stake in the company in late 1979. The partnership resulted in the marketing of Jeep vehicles in Europe. The Renault-AMC marketing effort in passenger cars was unsuccessful compared to the popularity of Jeep vehicles.

In the 1980s, Renault faced financial difficulties and underwent a major restructuring process, including cutting costs, selling non-core assets, and withdrawing from motorsports. 

In 1994, Renault announced plans to sell shares to the public, which were completed in 1996. This allowed the company to expand into new markets and develop its infrastructure. Renault experienced financial problems and Carlos Ghosn was appointed to tackle the issue by implementing cost-cutting measures, organisational changes and introducing a lean production system. After Volvo's exit, Renault searched for a new partner and entered into an alliance with Nissan in 1999, which was the first of its kind involving a Japanese and French company. Renault continued to operate as a standalone company but with the intent to collaborate with its alliance partner. Renault sold various assets to finance its inversions and acquisitions, refocusing itself as a car and van manufacturer. Renault developed a reputation for distinctive, outlandish design and became known for car safety. In 2010, Renault entered into an alliance with Daimler to develop a replacement for the Smart based on the Twingo. In February 2010, Renault opened a new production factory near Tangier, Morocco, with an annual output capacity of 170,000 vehicles.

Renault restructured its automotive division in January 2021 into four units, including Renault, Dacia and Lada, Alpine, and Mobilize. In February 2021, Renault launched the SUV Kiger in India, but in April 2021, the company reported a 1.1% revenue decline and planned to reduce car production and focus on high-margin models. In November 2022, Renault announced plans to spin off its electric car development into a subsidiary called Ampere and its powertrain production and development operations into a joint venture with Geely.

Renault has a history of innovation, including Louis Renault's direct drive gear in 1899, the first four-wheel disc brake system in the Renault 8 in 1963, and the CARMINAT real-time system for location and weather information in 1988, which is now included in the Renault R-link system and Carminat TomTom devices.


Mission

According to its website:

“Our Purpose is the bedrock on which everything lies: our values, our strategic plan, and the course we have chosen
in terms of social and environmental responsibility.”

The mission of Renault Group is to design, manufacture, and sell safe, sustainable, and innovative vehicles and mobility solutions that meet the evolving needs of its customers around the world. 

Renault aims to achieve this mission by leveraging its expertise in automotive engineering and technology, and by working closely with its partners and stakeholders to promote sustainable mobility and reduce the environmental impact of its operations. 

The company is committed to developing new technologies and solutions that address the challenges of urbanization, climate change, and social inclusion, while also delivering superior value to its customers and generating sustainable growth and profitability for its shareholders.


Vision

We want to become the most desirable, responsible and innovative car company with smart mobility solutions.

They aim to achieve this by prioritizing customer satisfaction, focusing on innovation and quality, and by respecting the environment and promoting social responsibility. They believe that the future of mobility is electric, connected, and autonomous, and their vision is to be at the forefront of this transformation. 


Key Team

Luca de Meo (CEO, Renault Group, Chief Executive Officer Of Renault S.A., Chairman Of Renault S.A.S.)

Fabrice Cambolive (CEO, Renault Brand)

Thierry Charvet (Chief Industry / Quality Officer, Renault Group)

Gianluca De Ficchy (CEO, Mobilize, Chairman Of The Board Of Directors Of RCI Banque SA)

Catherine Gros (Chief Communications Officer, Renault Group)

Guido Haak (Chief Advanced Product Planning Officer, Renault Group)

João Miguel Leandro (CEO, Mobilize Financial Services)

Gilles Le Borgne (Chief Technology Officer, Renault Group)

Denis le Vot (CEO, Dacia)

Quitterie de Pelleport (Chief Legal Officer, Renault Group)

Thierry Piéton (Chief Financial Officer, Renault Group)

François Provost (Chief Purchasing, Partnerships And Public Affairs Officer And Apo Managing Director, Renault Group)

Josep Maria Recasens (Chief Strategy Officer, Renault Group)

Fedra Ribeiro (CEO, Mobilize Beyond Automotive)

François Roger (Chief People, Workplace, Organization Officer, Renault Group)

Laurent Rossi ( CEO, Alpine, CEO Alpine Racing Sas & Chairman Alpine Racing Ltd)

Véronique Sarlat-Depotte (Chief Alliance Officer)

Céleste Thomasson (Chief Audit & Risks Officer, Renault Group)

Laurens van den Acker (Chief Design Officer, Renault Group)

Frédéric Vincent (Chief Digital & Information Officer, Renault Group)


Recognition and Awards
Renault Group has received recognition and awards for its commitment to sustainability and innovation. In 2020, it was included in the Dow Jones Sustainability Index (DJSI) for the 19th consecutive year, which evaluates the environmental, social, and governance performance of companies. Renault was also named as the "Industry Mover" in the 2020 DJSI, which recognizes companies that have made the most progress compared to the previous year. Additionally, Renault was awarded the "Gold" distinction by Ecovadis, a rating agency that assesses companies' CSR performance, for its sustainability practices in 2020. In terms of innovation, Renault Group has been recognized for its research and development efforts in the automotive industry. In 2020, it was ranked as the leading French company in terms of patents filed, with 1,302 patents filed in France alone. Renault has also received numerous awards for its vehicles, including the 2021 "Best City Car" award for the Renault Clio from What Car?, a UK-based automotive publication, and the 2021 "Green Steering Wheel" award for the Renault ZOE from Auto Bild, a German automotive magazine. These recognitions and awards highlight Renault Group's commitment to sustainability and innovation in the automotive industry.

Products and Services

Renault Group offers a range of products and services related to automobiles, electric vehicles, and mobility solutions. The company's main product offerings include passenger cars, commercial vehicles, and electric vehicles. Some of the popular car models produced by Renault Group include the Clio, Megane, Captur, and the electric Zoe. The company also offers a range of commercial vehicles under the Renault Trucks brand, including vans, pickup trucks, and heavy-duty trucks.

In addition to its traditional automotive products, Renault Group has been focusing on developing innovative mobility solutions to meet the changing needs of consumers. The company's mobility services include car-sharing, ride-sharing, and other mobility platforms. Renault Group has also invested heavily in electric vehicles and has a wide range of electric vehicles on offer, including the Zoe, Twingo, and Kangoo.

Through its various acquisitions, Renault Group also produces other brands: Dacia, Mobilize, and Alpine.

Dacia is a Romanian car manufacturer that was acquired by Renault in 1999. Dacia is known for producing affordable cars with simple designs and features, making them popular in emerging markets. Dacia models are typically sold under the Dacia brand, but some are sold under the Renault brand in certain markets. Dacia models are known for their practicality and reliability, and the brand has won several awards for its value for money.

Mobilize is a new brand launched by Renault in 2021, focused on mobility services and solutions. Mobilize aims to provide innovative mobility solutions to individuals and businesses, including car-sharing, ride-sharing, and last-mile delivery services. Mobilize also offers a range of electric vehicles and charging solutions for businesses and fleets. The brand's goal is to help reduce the environmental impact of transportation while providing convenient and affordable mobility solutions.

Alpine is a French sports car manufacturer that was acquired by Renault in 1973. Alpine is known for producing lightweight, high-performance sports cars that offer a thrilling driving experience. The brand was revived in 2017 with the launch of the A110, a two-seater sports car that pays homage to the original Alpine A110 of the 1960s. Alpine is focused on producing high-performance electric and hybrid sports cars, as well as developing new mobility solutions and technologies. The brand is also involved in motorsports, including endurance racing and Formula 1.

Renault Group also provides financing and leasing services for its customers through its financing arm, RCI Bank and Services. RCI Bank and Services offer financing solutions for individuals and businesses, including traditional car loans, leasing, and fleet management services.


References
Renault
Leadership team

Luca de Meo (CEO, Renault Group, Chief Executive Officer Of Renault S.A., Chairman Of Renault S.A.S.)

Fabrice Cambolive (CEO, Renault Brand)

Gianluca De Ficchy (CEO, Mobilize, Chairman Of The Board Of Directors Of RCI Banque SA)

João Miguel Leandro (CEO, Mobilize Financial Services)

Denis le Vot (CEO, Dacia)

Fedra Ribeiro (CEO, Mobilize Beyond Automotive)

Laurent Rossi ( CEO, Alpine, CEO Alpine Racing Sas & Chairman Alpine Racing Ltd)

Industries

Industrial Manufacturing

Products/ Services
Automotive, Manufacturing, Venture Capital
Number of Employees
Above 50,000
Headquarters
Boulogne-billancourt, Ile-de-France, France
Established
1899
Company Type
Public Limited Company
Company Registration
FR0000131906
Net Income
1B - 20B
Revenue
20M - 100M
Traded as
RNO.PA
Social Media

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Fri Mar 01 2024
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