Currently reading: Exclusive: Renault boss on bringing back the company's soul

Luca de Meo on the importance of historic nameplates, software and financial security

Renault Group boss Luca de Meo, until 2020 in charge at Seat, has a big job on his hands: not only making the company profitable after a tumultuous few years but also cementing a smooth relationship in its notoriously tricky alliance with Nissan. We caught up with him at the recent Paris motor show to ask how things are going. 

What has driven you down the nostalgia route with new cars like the Renault 4 and 5?

“All big brands have classics, in any segment. Renault has classics like the 4, 5, [5] Turbo. We’re just doing the thing that everybody expects from us and to reconnect the brand with its roots. We’re not an electric start-up, we have 120 years of history, and you have to leverage this as an advantage. 

“You can argue the 5 has some codes you can recognise from the cars of old, but they’re nothing to do with the original car. It’s trying to reinvent the brand. People know that Renault lost its soul for a while. You need to do that exercise of connecting back to the brand.” 

Are there any other ideas beyond the 4, 5 and Turbo that could help that reconnection?

“We have ideas, but for the time being, I don’t think I have the money to do this. Even in the Turbo, I need to find the money to [bring it to production]. We don’t have deep pockets. Maybe we’ll do a crowdfunding; I’m sure I’ll find people!” 

Renault 4ever front three quarter

When will you have enough money? What does success look like for Renault?

“What Renault needs to have is two good cycles. The issue with Renault is that there has always been one cycle up, one cycle down. Normally, it was very much linked to the success of small cars like the Renault Clio or 5. The challenge is that the next cycle may be about other things than simply launching a successful model.”

What’s next?

“We’re preparing Renault to be an organisation that, among the traditional car makers, is more adapted to a world that’s changing. 

Advertisement

Read our review

Car review

BMW’s first electric SUV is an electrified X3. Is that enough?

Back to top

“We were attached to a classical value chain that we all know; now you have new mobility, EV value, chain software, circular economy. It’s like moving from playing soccer to the Olympic Games. Nobody is organised like this, and that’s what we’re trying to do. 

“Two years ago, we were almost bankrupt, we were very, very sick. You know what happens to people who are very sick? They tend to be very vital, they’re courageous, they have the right priorities, and that’s what we’re doing at Renault.” 

How important will software be in the future?

“Very important. We have decided, after a long internal battle, that we would centralise an electronic architecture starting from 2025 and deploy it throughout the decade up to 2030 to all the cars. It will have the same impact that the smartphone had on the telecommunications industry. You make the architecture more powerful, you connect it to the cloud and [then] you have room to put more data intelligence, because you have spare capacity.” 

What will make the difference?

“Firstly, the cars are upgradable, so they will always be state-of-the-art, a little bit like Tesla. Tesla has probably 70% residual value; my cars have 45 to 50%. Secondly, there will be a moment when this technology becomes cheaper. Thirdly, by having a connected car through the cloud in a simple way, for the first time in history you’re in contact with the product throughout its life cycle. 

“You combine those things and you understand why we need to go for a centralised electronic architecture. I love the idea of an intelligent car. I believe in the connected car more than autonomous driving. With autonomous driving, I don’t actually see the business benefit as a car maker.”

Join our WhatsApp community and be the first to read about the latest news and reviews wowing the car world. Our community is the best, easiest and most direct place to tap into the minds of Autocar, and if you join you’ll also be treated to unique WhatsApp content. You can leave at any time after joining - check our full privacy policy here.

Join the debate

Comments
4
Add a comment…
And so what actually 11 November 2022

All that grief after Paulie told him about the joke Ralphie made about his wife is long forgotten. John Sacramonie, we salute you

Symanski 11 November 2022

Remember that Renault fired Thierry Bollore and now they're doing what is the right and correct way to approach EV.

 

Bollore has killed off Jaguar and claims its because of the semiconductor shortage, a shortage other manufacturers seem to have navigated far better.

 

And believes he can relaunch Jaguar as an EV brand selling cars at over £100k to compete with Bentely!

 

Jonboy4969-2 12 November 2022
Symanski wrote:

Remember that Renault fired Thierry Bollore and now they're doing what is the right and correct way to approach EV.

 

Bollore has killed off Jaguar and claims its because of the semiconductor shortage, a shortage other manufacturers seem to have navigated far better.

 

And believes he can relaunch Jaguar as an EV brand selling cars at over £100k to compete with Bentely!

 

1) SO, Bollore never did anything, like all the EV's that are currently in the range that were there before De Meo took over.... YOU ARE WRONG..2) He has NOT killed anything off, in fact, Jaguar has had a massive input of cash, with a load of new products coming, you will see that throughout next year, and as for the STUPID comment about no other manufacture has had issues, umm Ford has canned the Fiesta because of the lack of sales due to the shortage, MANY brands have had significant cuts in production, including Renault, and the VW group has been hit quite badly - SO YOU ARE WRONG AGAIN.3) as for the Bentley comment, it was throw away comment made, as has been mentioned before, they are taking Jaguar more upmarket, there are reasons for this, and you will find those out next year. EV's are more expensive already that the mainline cars they mimick, so to get a Jag at £100k will be easy, just look at the cost of the new Volvo EX90, that £100k start price with one option.. SO, ONCE AGAIN YOU ARE WRONG.But they you make so many mistakes with most of your comments.

Symanski 13 November 2022
Jonboy4969-2 wrote:

1) SO, Bollore never did anything, like all the EV's that are currently in the range that were there before De Meo took over.... YOU ARE WRONG..2) He has NOT killed anything off, in fact, Jaguar has had a massive input of cash, with a load of new products coming, you will see that throughout next year, and as for the STUPID comment about no other manufacture has had issues, umm Ford has canned the Fiesta because of the lack of sales due to the shortage, MANY brands have had significant cuts in production, including Renault, and the VW group has been hit quite badly - SO YOU ARE WRONG AGAIN.3) as for the Bentley comment, it was throw away comment made, as has been mentioned before, they are taking Jaguar more upmarket, there are reasons for this, and you will find those out next year. EV's are more expensive already that the mainline cars they mimick, so to get a Jag at £100k will be easy, just look at the cost of the new Volvo EX90, that £100k start price with one option.. SO, ONCE AGAIN YOU ARE WRONG.But they you make so many mistakes with most of your comments.

 

Must have said something right for you to come reply with so many personal attacks.

 

Never claimed other marques weren't affected by the semiconductor shortage, but name one which has been killed off like Jaguar has been?

 

You mentioned Volvo, they're still selling cars for less than half the price Bollore believes the new Jaguars will cost.   And yes, that's an EV.