Renault Acting CEO Says Some Plants Could Close Due to Coronavirus

The transcript discusses Renault's challenges in 2020, including market difficulties, internal governance issues, and high R&D costs. Renault plans a €2 billion cost-cutting strategy, potentially affecting jobs. The coronavirus pandemic impacts supply chains, leading to temporary plant closures. Renault's alliance with Nissan and Mitsubishi remains crucial, with no plans to dissolve it. The company is open to new partnerships. Despite past controversies, Renault's brand image remains stable. The new CEO, Luca de Meo, is advised to approach with fresh perspectives.

What were some of the internal challenges Renault faced in the past year?

• Poor marketing strategies

• Lack of skilled workforce

• High R&D costs and inefficient alliances

• Inadequate supply chain management

What is the main goal of Renault's €2 billion cost-cutting plan?

• To expand into new markets

• To launch new car models

• To rebound from financial difficulties

• To increase market share in Asia

How is Renault planning to handle the impact of the coronavirus on its supply chain?

• By permanently closing plants in Europe

• By adjusting production schedules

• By reducing workforce

• By increasing production in China

What is the significance of the alliance with Nissan and Mitsubishi for Renault?

• It allows Renault to enter the luxury car market

• It enables Renault to focus on electric vehicles

• It helps Renault reduce production costs

• It provides Renault with a larger market presence

What approach is Renault taking towards partnerships outside the alliance?

• Focusing solely on mergers

• Exploring various forms of partnerships

• Avoiding any new partnerships

• Only partnering with technology companies

How did the arrest of Carlos Ghosn impact Renault's brand image?

• It significantly decreased showroom traffic

• It caused a loss of customer trust

• It led to a decline in sales

• It had no impact on the brand image

What advice is given to the incoming CEO, Luca de Meo?

• Expand into new markets

• Focus on cutting costs

• Come with fresh eyes and listen to people

• Increase production in Asia