Currently reading: ‘No turning back’ for Renault Group as profitability spikes

The French giant recorded an all-time high operating margin per vehicle during 2022

There will be “no turning back” for the Renault Group, CEO Luca de Meo has said, as the firm set a new record for operating margin (profit) per vehicle during 2022.

It generated €46.4 billion (£41.8bn) in revenue during 2022, an 11.4% improvement on the previous year.

Its operating margin stood at €2.6 billion (£2.3bn), up €1.4bn (£1.2b) year on year.

Such success came despite a €2.3bn

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