Trust-ready: engaging stakeholders for long-term trust and value
Renault Group’s strategic plan futuREady opens a new era in its relationship with its employees, suppliers, dealers and partners. This fourth pillar of futuREady aims to strengthen these trusted relationships: by putting its employees at the heart of the Group’s transformation, engaging suppliers in partnerships, enabling dealers to extend customer experience and reduce costs, and leveraging OEM partners as a competitive advantage.
“For 127 years, Renault Group has made the difference thanks to our people and our stakeholders. We will deliver this strategic plan because we will not do it alone. With futuREady, we are strengthening trusted relationships with our employees and ecosystems: our suppliers, our distribution network and OEM partners.”
Objective 1Put people at the heart of the Group’s transformation
Employees will be at the heart of the success of the strategic plan futuREady. Renault Group intends to ensure that employees are better informed, ready for a fast-changing industry and better recognized to foster their engagement in the Group’s transformations.
The aim is to deliver transparency and trust through communication, to support employees with skill planning, and to apply fairness and clarity in management.
Communication: provide proactive and transparent communication with all employees and sustain qualitative social dialogue to involve them in every transformation of the Group.
Skills and employability: anticipate reskilling and upskilling to support employees, address technological disruption and ensure long-term employability.
Management excellence: management focused on exemplarity, accountability, delegation and openness at all levels. The Group will reinforce transparent performance assessment and train its community of managers for increasingly complex responsibilities.
Objective 2Turn suppliers into partners, engaged for performance
Renault Group wants to transform its relationship with its suppliers into long-term partnerships that contribute to product development, innovation and strengthen the transparency of the value chain.
Suppliers will be involved earlier in product and project development stages, enabling them to propose solutions. This lever is essential to achieving a two-year time-to-market standard and reducing costs.
The Group will integrate its key suppliers in its technology roadmaps, to seek more business opportunities for each of them and increase the turnover per supplier.
Renault Group wants to work with its suppliers to secure productivity and the resilience of the supply chain together. It requires transparency on cost breakdown and across the whole value chain (tier-N monitoring).
2030 target
Double the turnover with best partners
Objective 3Put the dealer network at the heart of value creation
Renault Group and its distribution network work together to capture the revenue opportunities generated throughout the vehicle’s full lifecycle, while driving long-term profitability.
With more than 9,000 sites worldwide, the Group’s distribution network constitutes a key enabler to attract and serve customers. With futuREady, Renault Group will engage with its distribution network to definitively shift to a lifecycle-driven business approach and achieve operational excellence.
The aim is to extend customer experience towards 10 years, thus increasing the network’s revenue beyond the first ownership of the vehicle by at least 50% by 2030, through the second and third lives of the vehicles. This approach will lean on developing revenues related to used vehicles, maintenance contracts, connected services, for instance.
The Group will work with its dealers to raise their productivity and reduce total distribution costs by at least 20%, by deploying a Software-Defined Retail project, a major shift in their IS-IT systems.
2030 targets
Lifecycle revenues: 50% increase in network revenues beyond first ownership of vehicle
Distribution costs: 20% decrease of breakeven point
Objective 4Leverage partnerships as a competitive advantage
While Renault Group is and will remain independent in Europe, the Group uses partnerships with OEMs as boosters for growth and agility outside Europe.
Renault Group benefits from the experience of more than 20 years of Alliance with Nissan and Mitsubishi Motors. FutuREady inaugurates a new phase in the Group’s partnership approach. The Group will keep developing win-win partnerships in order to leverage expertise, save resources and cash, accelerate and reduce risks.
With futuREady, the Group will have 19 models and over 300,000 vehicles produced per year for 5 OEM partners by 2030 across Europe, Asia and Latin America.
In Europe, Renault Group will stay independent by developing its own key technology bricks. The Group attracts OEM partners, who trust its competitiveness, technology and industrial capabilities to make EV, HEV and LCV.
Meanwhile, Renault Group seeks partnerships beyond Europe to accelerate in fast-growing markets and increase its competitiveness.
Illustrations of the partnership approach:
Nissan: a historical partnership delivering a promising restart, with major synergies in Europe (more than 80,000 vehicles planned per year). Outside Europe: a reinforcement of product and industrial ties (more than 100,000 vehicles per year for Nissan), with the support of the Indian hub for production and sourcing.
Geely: a partnership as a unique innovative way to share resources and complementarities in different markets. In South Korea, collaboration helped recover operation in one of the toughest markets. In Brazil, the partnership allows the Group to run a shared offensive to gain scale, improve margins, and raise the technology level. The joint-venture Horse Powertain with Aramco is becoming a global leader in powertrains (25 customers besides Renault in 130 countries).
Ford: a partnership to co-develop electric vehicles in France (Electricty) that proves the recognition of the Group’s expertise and competitiveness on electrified vehicles (electric, hybrid vehicles and LCV).
2030 target
Models: 19 vehicle models and over 300,000 vehicles produced per year for 5 active partners on 3 continents (Latin America, Europe, Asia)
Discover the other pillars of futuREady
Growth-ready: leading with products and customer experience
Tech-ready: accelerating innovation to stay ahead
Excellence-ready: making our operations resilient by design
FAQ
Trust-ready is the fourth pillar of the new strategic plan of Renault Group: futuREady. This pillar aims to strengthen Renault Group’s long-term relationships with its key stakeholders—employees, suppliers, dealers and OEM partners—to build a shared, high-performing and resilient automotive future. Through trust, transparency and collaboration, this pillar supports the Group’s transformation while enabling operational excellence.
