After helping Renault Group recover from deep losses in 2020 and resetting the automaker's future product direction with his Renaulution plan, CEO Luca de Meo is not resting on his successes. Last autumn, de Meo announced a fundamental restructuring of Renault that will see the spinoff of full-electric activities as Ampere; a joint venture with Geely to build combustion engines in a division called Horse; a separate unit for circular economy activities; a stand-alone Alpine sports and racing brand; and the core activities of Renault and Dacia renamed Power. De Meo talked to Automotive News Europe Associate Publisher and Editor Luca Ciferri and News Editor Peter Sigal at Renault headquarters in Paris about the road ahead.
With all the structural changes coming to Renault Group, what will be left in the core company?
There are a lot of functions where it doesn’t make sense to split the company in parts, such as finance, HR, industrial planning, so we have a lot of people who will stay within Renault Group. We want to push resources closer to the [separate] businesses, because they will be able to report their own results, they will have their own profit/loss statements, their own governance and feel the pressure of the market.