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Genesis Canada partners with Lane Hutson of the Montreal Canadiens
Genesis Canada is continuing to strengthen its position in the luxury and professional sports space by announcing a new partnership with Lane Hutson, defenceman for the Montreal Canadiens and recipient of the 2024-2025 Calder Trophy. This marks the brand's fir...
Genesis Canada partners with Lane Hutson of the Montreal Canadiens
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Éric Descarries
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Renault Plans to Unveil 36 New Models by 2030
Éric Descarries
Hits: 240
Legendary French automaker Renault recently announced that it plans to launch up to 36 new models by 2030, specifying that several of them will be long-range electric vehicles.
At the same time, the company intends to establish several partnerships while reducing costs across all levels of its operations. These decisions stem from the first strategic plan of the company’s new CEO, François Provost, who has just unveiled his vision under the code name futuREady.
The plan notably targets an operating margin of 5 to 7% as well as liquidity of at least €1.5 billion per year.
Among the announced objectives, Renault aims to reduce distribution costs by 20%, development costs by 40%, and logistics costs by 40%. The automaker also intends to develop a new platform for compact and mid-size electric vehicles, with production costs expected to be 40% lower than those of current platforms.
It remains to be seen whether all these objectives can be achieved in the current global economic climate.
(Photo Renault)
Éric Descarries
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