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.

How does Renault plan to improve its brand image following the events surrounding Carlos Ghosn?

What are the key elements Renault needs to focus on to restore confidence and transparency?

What advice would you give to the new CEO of Renault upon his arrival?