Renault Announces Drive the Future 2022 Strategic Plan; Maintaining our EUR 79 FVE
No-moat-rated Renault laid out its Drive the Future 2022 strategic plan, in which the company aims to increase revenue, expand margin, and launch several electrified models. While many automakers have recently announced plans to electrify their product portfolios, Renault stands apart in one important way. Management believes that the company will expand margins as it launches electrified models, contrasted against competitors’ expectations for margin pressure under increased investment. However...Renault is an automobile manufacturer. Co.'s activities have been organized into two main business sectors, in more than 120 countries: Automotive and Sales Financing. Co. designs, develops and sells passenger cars and light commercial vehicles. Following the acquisition of Romanian carmaker Dacia and Samsung Motors' operating assets in South Korea, Co. has three automotive brands: Renault, Dacia and Samsung. RCI Banque, Co.'s captive financing arm, finances sales of the Renault, Renault Samsung Motors (RSM) and Dacia brands, and, in Europe, the Nissan and Infiniti brands. In addition to these two activities, Co. has equity investments in the following two companies: Nissan and AVTOVAZ.
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