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Luca de Meo: "Creating value in the automotive industry is always possible"

2021-01-14T18:28:43.029Z


INTERVIEW - The CEO, who took over at the head of the group in July, details his ambitions for Renault.


LE FIGARO.

- What are the priorities for building the Renault of tomorrow?

The sales?

The profitability?

Technology?

Luca DE MEO.

-

The priority is the quality of sales, not their quantity.

Renault was organized for a race for volumes, with a production capacity targeting more than 5 million vehicles per year.

Renault's development model now involves the search for value.

With the support of the Board of Directors and Jean-Dominique Senard, we are therefore restructuring the Renault group to generate cash and margin.

Renault is today the most undervalued automotive group.

I want to increase its valuation by convincing investors with new projects around new mobility technology, energy management, such as this company that we are going to create with the American Plug Power in hydrogen.

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Source: lefigaro

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