After two years of losses, the Renault Group returned to profitability in 2021 and reached a number of long-term financial targets earlier than it had anticipated. In revealing last year’s financial performance, Autocar said the company highlighted that it “has achieved an operating margin above 3% two years ahead of schedule, reduced fixed costs by €2 billion (£1.67bn) a year early and reduced its break-even point by 40% compared with 2019.” (Source: Autocar) Read the original story…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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