Groupe Renault Outlines Future Plan, Targets 40% Boost In Volume, 8 New EVs By 2022

Renault-Nissan-Mitsubishi has announced its new strategic plan, called Drive The Future 2017-2022.

Under the new six-year plan, Groupe Renault forecasts a 40 percent growth in unit volumes, doubling sales outside of Europe, to over 5 million units, compared to the 3.47 million units sold in 2016 and a group operating profit of over 7% by the end of it, a 50 percent increase in value, with a floor at 5%.

To achieve these goals, the Renault-Nissan-Mitsubishi alliance is going to expand their product range, including eight new EVs and 12 electrified models. 15 of these new models will feature an autonomous system, ranging from Level 2 to Level 4, with compact city cars to offer Level 2 autonomy by 2019.

The company is going to invest 18 billion euros ($21 billion) in R&D and build the new EVs on a shared architecture between the three brands, creating a range of compact to full-size EV models. The goal is to have 80 percent of the Groupe Renault models based on common platforms.

“Groupe Renault is now a healthy, profitable, global company looking confidently ahead,” said Renault Chairman and CEO Carlos Ghosn. “Drive the Future is about delivering strong, sustainable growth benefiting from investments in key regions and products, leveraging Alliance resources and technologies, and increasing our cost competitiveness. Supported by the men and women of Renault, this new plan will unleash our full potential to innovate and grow in a rapidly-changing industry.”


  • Wayne Alan Carr Heyes

    at least now Mitsubishi has the chance to make better cars !!!!!

  • smartalec

    It would be good if they brought out some new Nissan’s. The newest Nissan car available in Australia is the 370z which came out in 2009. Everything else is suvs and trucks.

New Toyota Land Cruiser Namib Is Made For Africa’s Tough Conditions

Based on the 70 series Land Cruiser, the Namib Edition is priced from the equivalent of $61,145.

Markus Duesmann Leaving BMW To Become Audi’s New CEO

Duesmann was first reported to be leaving BMW back in mid-2018, but apparently, the deal took much longer to materialize .

46,000 GM Employees Strike After Failed Trade Union Negotiations

GM says it offered the UAW more than $7 billion in investment and pay increases.

Bugatti Is Seeking “Sexy Funding” For Its Upcoming Four-Seater

After breaking the 300 mph barrier, Bugatti is turning its focus on the development of its new model that, as everything points out, could be an SUV.

Mercedes-AMG Has No Plans On Racing The One Hypercar At Le Mans

The Mercedes-AMG One will use an F1-sourced powertrain, but the German brand has decided against competing in WEC with it.

Ferrari Admits Developing Its First-Ever SUV Is Quite A Challenge

The Purosangue SUV will be based on Ferrari’s scalable front-mid-engined architecture that can accommodate V6, V8 and V12s as well as rear- and all-wheel drive.

Frankfurt Motor Show Could Be Restructured In Order To Remain Sustainable

A lot of automakers, including Toyota, FCA, and Ferrari, were absent from this year’s event, and those present reduced their investments.

Aston Martin Unveils Vantage Cup For One-Make Racing Series

The Cup is based on the street-legal Vantage V8, with the championship set to start in Europe next year and expand to Asia in 2021.

The Mercedes-AMG One Sounds Just Like An Actual F1 Racer!

The Mercedes-AMG One’s powertrain consists of a 1.6-liter turbo V6 coupled to no less than four (!) electric motors.

Someone Created A Tesla Model 3 Low-Rider Because Why Not?

A low-rider electric sedan ain’t something you see on a daily basis, but with the proliferation of EVs, maybe we should get start getting used to it.