Cezigue’s Post

This year General Meeting of Shareholders was the occasion to reflect on the significant milestones achieved during 1000 days of Renaulution. Amidst industry upheavals and global challenges, Renault Group has rebounded with resilience, from significant losses to a historical margin.   The #Renaulution was fueled by strategic collaborations aimed at driving innovation and market expansion. Over 20 partnerships were established in the last four years, including with industry leaders like Google and Qualcomm,  LGES and LGe, CATL and Envision, and also GEELY and Dongfeng. We also reorganized and reloaded our Alliance with Nissan Motor Corporation and Mitsubishi Motors Corporation.   Over the past 1000 days, we launched 22 new models, revitalizing our product lineup and capturing market share across Europe. Notably, our focus on #electrification has resulted in over 50% of our vehicles being pure EVs, aligning with our vision for a sustainable future.   However, our journey is far from over. With a steadfast commitment to innovation, sustainability, and building a next-gen automotive company, Renault Group is poised to lead the industry into a new era of excellence.   This is what Luca de Meo's #LettertoEurope is all about: the necessity of collective action and partnerships between the public and private sectors, for a sustainable, inclusive, and competitive automotive industry in Europe and beyond.

What a journey the last 1000 days have been! From experiencing historical loss in 2020, we’ve achieved a record operating margin of 7.9% and generated €3bn of free cash flow in 2023!   Today I wanted to express my gratitude to the people of Renault Group for making the #Renaulution a reality. You can all be proud of yourselves! I would also like to thank Renault Group’s board of directors for their support and our shareholders who renewed their trust in me for a second mandate.   When I started the Renaulution 4 years ago, the company was at its lowest point. We started our Resurrection phase by undertaking structural work on performance, while the Renovation was about putting the product at the center of the company. We also announced that we would turn Renault Group into a next-gen automotive company, focused on a team of teams, for 5 specific sports: #EV, #software, #circulareconomy, #mobility services, and #ICE.    Since then, we’ve set Renault Group back where it deserves: at the forefront of innovation. In only one year, we have carved out HORSE and launched Ampere. We've also prepared the best range in 30 years, with 10 launches this year alone, and set up more than 20 partnerships.    But don't count on us to stop here! With our program "Speed of Lightness", we aim to accelerate on a dozen key processes in our company. Thanks to this program, our new Twingo will be developed in 2 years instead of 3 or 4!   I can’t wait to write the next chapter with our bold and passionate teams.   Now, on to the next challenge! Check out our 2024 car lineup : https://lnkd.in/eU-iMsAN

👏 👏 👏 👏 👏 👏 👏 👏 👏 I actually quoted Luca de Meo a few months ago, and I'm going to do it again: "For the automotive industry, the age-old mantra was scale and efficiency. Now a new imperative has come to light: innovation and strategic agility." "Now we have to excel in several disciplines with very different and specific requirements: electric vehicles, software, mobility services, the circular economy…" Every single word is correct. But doing it is where the challenge is. This new ecosystem we live in which has an emphasise on software has brought in new challenges such as safety and cybersecurity. This shift has created a breakdown in communication due to different 'tribes' of people now in the product development process. This has created a new skill requirement which is the ability to communicate and work across teams that have different communication styles and understanding of priorities. This is why having someone/a team of people who understand the critical details between the moving parts to create a robust, forward thinking strategy and STICKS TO IT! As well, this strategy needs to come from the TOP down, with every layer buying into the strategy. The journey to the vision is never problem free, but having the belief and being brave to stick to it is the key. Well done to the team at Renault Group, they have created a clear strategy and are implementing it, (which by the way is not as common as you might think!) #ElectricVehicles #AutonomousDriving #SoftwareDefinedVehicles #Automotive

Both EHang and Changan Automobile have dropped teaser videos today, hinting at a collaboration. For its part, Changan has been discussing plans to launch a flying car project at recent low-altitude conferences. See: https://lnkd.in/gg62wijB Video: Changan Automobile

The recent HIPA Automotive Conference in Budapest sparked valuable discussions on the future of the automotive industry. Sigrid de Vries, director general of the European Automobile Manufacturers' Association (ACEA), shared crucial insights on trends impacting European car manufacturing. ACEA's European Automobile Manufacturers' Association focus on clean, smart, and safe mobility aligns well with industry stakeholders. Engaging with ACEA representatives alongside with Robert Keszte, Olivia Mesics, and Csaba Kilian, shed light on the challenges ahead. #AutomotiveIndustry #Bosch #MAGE #ACEA #HIPAConference #EuropeanCarManufacturing #FutureOfMobility #AutomotiveChallenges

#GLOBALSOUTHALERT: #MORTGAGEE (TYPICALLY A LENDER SUCH AS A #BANK) NOT A #TRUSTEE FOR THE #MORTGAGOR (#BORROWER) –"It is well settled that a mortgagee is not a trustee of a power of sale for the mortgagor. Once the power has accrued, the mortgagee is entitled to exercise it for his own purposes whenever he chooses to do so. It matters not that the moment may be unpropitious and that by waiting a higher price could be obtained. He has the right to realize his security by turning it into money when he likes. [ See: Cuckmere Brick Co. Ltd Vs Mutual Finance Ltd [1971] Ch. 949 ] ; FOR FURTHER DETAILS, CLICK LINK: https://lnkd.in/egccdq4d TAGLINE: "#TREASURE THE #PEARL , RIDE #SPECIAL #MOBILITY." LINK: https://lnkd.in/dQeAywjs VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (#WBS) FOR #AFRICA AND #BEYOND."

Nissan and Honda sign MOU for potential business integration, aiming to enhance global competitiveness and deliver innovative products. read more: https://lnkd.in/dh_4Yr9V Makoto Uchida | Toshihiro Mibe | Nissan Motor Corporation | Honda #BusinessIntegration #MOU #JointHoldingCompany #AutomotiveIndustry #Collaboration #Adtechtoday

Crafted specifically for long-distance journeys, the Renault Trucks T range excels in batch transport. Whether opting for the Renault Trucks T or T High model, you'll experience unparalleled reliability, top-notch performance, and exceptional comfort. Paired with Renault Trucks' comprehensive services, these vehicles enhance your business's profitability and maximize uptime. With its Euro VI engine, the Renault Trucks T range delivers superior commercial speed and driving comfort while minimizing pollution and fuel usage. Renault Trucks Scotland

Renault Group Q1 financial results are in. We are proud to contribute to these remarkable results in the first quarter, as part of Mobilize! In a transitional first quarter ahead of the commercial launches of 10 models between now and the end of 2024, Renault Group recorded 549,099 sales in 2024 Q1, up 2.6% versus 2023 Q1. In Europe, the Group maintained its third position with 391,490 units sold, up 4.3%. Mobilize Financial Services posted revenue of €1,246 million in 2024 Q1, up 27.9% compared to 2023 Q1, due to higher interest rates and to the increase of average performing assets (at €54.2 billion) which increased by 9.8% compare to 2023 Q1. Beyond this financial contribution, Mobilize is ready to support the growth of Renault Group’s automotive brands and the decarbonation of mobility worldwide. Learn more about Renault Group’s Q1 financial results: https://lnkd.in/ewud_bvC 🚗♻️🔋 #Mobilize

Renault Group Q1 financial results are in. We are proud to contribute to these remarkable results in the first quarter, as part of Mobilize! In a transitional first quarter ahead of the commercial launches of 10 models between now and the end of 2024, Renault Group recorded 549,099 sales in 2024 Q1, up 2.6% versus 2023 Q1. In Europe, the Group maintained its third position with 391,490 units sold, up 4.3%. Mobilize Financial Services posted revenue of €1,246 million in 2024 Q1, up 27.9% compared to 2023 Q1, due to higher interest rates and to the increase of average performing assets (at €54.2 billion) which increased by 9.8% compare to 2023 Q1. Beyond this financial contribution, Mobilize is ready to support the growth of Renault Group’s automotive brands and the decarbonation of mobility worldwide. Learn more about Renault Group’s Q1 financial results: https://lnkd.in/e5JBpFvc 🚗♻️🔋 #Mobilize