Renault: New Business Customers Wanted
Renault SA tells analysts it wants to find new business partners to supply with vehicles and components.
The idea is to offset anticipated flat or declining sales to existing partners, says Clotilde Delbos (pictured), who was named interim CEO after Thierry Bollore was fired on Oct. 11. She has been Renault’s chief financial officer since 2016.
Renault has shared vehicle platforms and used its factories to supply vehicles to Nissan and Mitsubishi Motors in Japan and Lada maker AvtoVAS in Russia. The company also has partnered on vehicle or powertrain development projects with Daimler and Ford.
Delbos says all aspects of Renault’s current Drive the Future strategy, which was fathered two years ago by fallen Chairman Carlos Ghosn, are under review. Ghosn is awaiting trial in Japan for alleged financial wrongdoing as chairman of Nissan.
Delbos says Renault will be ready to detail its intentions by the end of this year. She notes that the review also covers the company’s participation in Formula One racing, where it ranks a distant fifth in this year’s constructor championship.
Ram Truck chief exterior designer Joe Dehner talks about how they’ve developed the all-new pickup. “We’ve been building trucks for over 100 years,” he says. “Best I could come up with is that this is our 15th-generation truck.”
For conducting business in the U.S. market, Toyota has historically had several separate business entities: a sales and distribution company headquartered in California (Toyota Motor Sales, USA); manufacturing operations (Toyota Motor Manufacturing North America); a racing subsidiary (Toyota Racing Development, USA); the Toyota Technical Center for R&D in Ann Arbor; and a design facility in California (Calty Design Research, Inc.). On April 1, 2006, Toyota merged its R&D operations and its manufacturing operations into a single company.
The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).