Renault and Nissan partner up on sustainability strategy
Announcing a six year sustainability strategy today, French automaker Renault said it hopes to sell 1.5 million electric vehicles (EVs) by 2016. Drive the Change, which is the tagline for Renault's sustainability strategy, intends to concentrate on EVs and a new generation of low emissions engines. It aims to achieve sales of over 3m vehicles in 2013 and at least €2bn in aggregate free cash flow. Renault's operating margin target is to surpass 5pc of revenues in 2013. Renault revealed that as part of a new alliance with Nissan, it will be introducing three electric models - Fluence Z.E., Kangoo Z.E., and Twiz. The vehicles are part of an overall strategy to reduce emissions. In 2012 the group will also introduce the Zoe supermini. It is hoped that by 2015 the alliance will have achieved a production capacity of 500,000 vehicles and, by 2016, it wants to have 1.5m EVs on the road. Renault also announced that its portfolio of combustion engines will include its new 1.6 engine "Energy dCi 130", which will cut CO2 emissions by 20pc compared with the previous generation. The car manufacturer's new Energy TCe gasoline engines will reduce CO2 emissions among vehicles in the A, B and C segments by an estimated 30pc. These innovations will assist in the reduction of CO2 emissions in Europe, emitting - on average - less than 120g by 2013, and less than 100g by 2016.
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