Renault, acknowledging the transformation of the automotive industry, will bundle all its mobility activities in a new operating subsidiary called ‘Mobility as an Industry (MAI).’
Renault, acknowledging the transformation of the automotive industry, will bundle all its mobility activities in a new operating subsidiary called ‘Mobility as an Industry (MAI).’ Our ambition is to be one of the world’s leading operators of new shared, accessible and sustainable mobility,” Renault CEO Thierry Bollore said in a press release.
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Renault is conducting a test in Paris of an on-demand car service using two autonomous electric vehicles. The French carmaker is also teaming up with driverless-car specialist Waymo to explore the possibility of driverless transportation to and from the main Paris airport.
It’s been less than a year since archrivals BMW and Daimler received the regulatory approvals needed to merge their mobility services into a new jointly owned company and the two German premium car groups are moving steadily ahead with plans to develop revenue streams that can, one day, offset expected declines in traditional new-car sales.
Renault named CFO Clotilde Delbos interim chief executive with immediate effect and terminated the mandate of its previous top executive, Thierry Bollore. The French carmaker didn’t give any reasons for the change, but said Delbos will serve as CEO until a new permanent chief executive is appointed.
Many people would welcome a future of shared mobility, electric and autonomous vehicles and deliveries by drone, but most don’t believe they will see it anytime soon.
Although automotive OEMs will face years of stagnant vehicle sales, a stronger recovery thereafter will bring growth back up to long run averages and herald a return to stronger profits. By then, however, the industry is likely to have undergone further consolidation.
OEMs’ own sales and technology strategies, combined with growing regulations, are leading more consumers to the second-hand vehicle market, a development that could reshape future automotive business models, according to a new report.
