13 15 quai Le Gallo RENAULT Blanchard Printing 2002

13 15 Quai Le Gallo Renault Blanchard Printing 2002-Free PDF

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Annual Report,RENAULT GROUP CORPORATE,1 STRATEGY 4 2 GOVERNANCE 32. 1 1 Presentation of Renault and the group 6 2 1 Renault and its shareholders 34. 1 1 1 Background and highlights 6 2 1 1 Legal information about Renault 34. 1 1 2 Main activities 7 2 1 2 General information, 1 1 2 1 Automobile Division 7 about Renault s share capital 35. 1 1 2 2 Sales Financing Division 13 2 1 3 Ownership of share. 1 1 2 3 Strategic shareholdings 14 capital and voting rights 36. 2 1 4 Market in Renault shares 38, 1 2 The Renault Nissan Alliance 15 2 1 5 Dividends 40. 1 2 1 Aims and governance 15 2 1 6 Disclosure policy 40. 1 2 1 1 The phases and aims of the Alliance 15, 1 2 1 2 Powers of Renault Nissan b v 17 2 2 Management and administration 42. 1 2 2 Areas of Renault Nissan Cooperation 19 2 2 1 Composition and operating. 1 2 2 1 Sharing resources to generate economies of scale 19 procedures of management. 1 2 2 2 Complementary strengths spur development 20 and supervisory bodies 42. 1 2 3 Results 21 2 2 1 1 Composition and operating procedures. of the Board of Directors 42,1 2 3 1 Nissan s recovery proved faster.
and fuller than expected 21 2 2 1 2 Directors fees 47. 1 2 3 2 Nissan makes a growing 2 2 1 3 Composition and operating. contribution to Renault s results 22 procedures of management bodie 48. 1 2 3 3 Global industrial and commercial presence 23 2 2 1 4 Audits 49. 1 2 3 4 Quantified data on joint operations 25 2 2 2 Interest of senior executives 49. 2 2 2 1 Remuneration of senior executives, 1 3 The profitable growth strategy 26 and corporate officers 49. 2 2 2 2 Stock options granted to senior executives. 1 3 1 Goal 1 Build recognition for our brand identity 26 and corporate officers 50. 1 3 2 Goal 2 Be the most competitive 2 2 3 Risk management 52. manufacturer on our markets in terms,2 2 3 1 Organization of risk management 52. of quality costs and delivery times 27,2 2 3 2 Market risk 52. 1 3 3 Goal 3 Extend our international reach 28,2 2 3 3 Operating risk 56. 1 3 4 Goal 4 Develop Renault s core values 29 2 2 3 4 Legal risk 58. 1 3 5 Goal 5 Translate success into 2 2 3 5 Other risks 58. financial performance 31, The symbol identifies information in the text corresponding to information required by the implementing decree of Article 116 of the New Economic Regulations.
NRE Act in France, The symbol indicates information relating to the guidelines of the Global Reporting Initiative GRI on sustainable development reports. See page 188 for a cross index of GRI indicators, The symbol means that more information is available from Renault s sustainable development website at the following address http www sustainability renault com. 2002 Annual report,RENAULT S PERFORMANCE CONSOLIDATED FINANCIAL. 3 IN 2002 60 5 STATEMENTS 110, 3 1 Economic performance 62 5 1 Auditors report on the consolidated. 3 1 1 Sales results 62 financial statements 112,3 1 1 1 Automobile Division 62.
3 1 1 2 Sales Financing Division 69 5 2 Consolidated financial statements. 3 1 2 Financial results in 2002 70 and notes 113,3 2 Employee relations performance 78. Human Resources policy,Forward thinking,6 MAIN SUBSIDIARIES 162. 3 2 2 2 Attracting and motivating employees 81,Promoting involvement. Environmental performance,7 DRAFT RESOLUTIONS 166,3 3 1 The challenges 87. Life cycle environmental,management,Protecting the environment.
RECENT EVENTS,Renault invests in Russia,and remaining competitive 91. 8 2 Production of Avantime halted 177,3 3 4 Reducing the environmental. impact of activities 91, 3 3 5 Maintaining the value of our assets 95 SUPPLEMENTAL. 3 3 6 Organizing communications 97 INFORMATION 178. 3 4 Social performance 98 Internal regulations,of the board of directors 180. 3 4 1 Code of Good Conduct 98 Environmental data 184. 3 4 2 Renault and its stakeholders 98 GRI indicators cross reference table 188. 3 4 3 Renault and Mobility 99,3 4 4 Renault and road safety 101.
3 4 5 Contribution to civil society 103,3 5 Research and Development policy 106. 4 OUTLOOK 108,2002 Annual report,Renault Group, M gane II was voted Car of the Year 2003 by a panel of 58 motoring journalists from 22 European countries. 2002 Annual Report, 1 1 Presentation of Renault and the group 6 1 2 2 Areas of Renault Nissan cooperation 19. 1 2 2 1 Sharing resources to generate,1 1 1 Background and highlights 6. economies of scale 19,1 1 2 Main activities 7 Common platforms 19.
1 1 2 1 Automobile Division 7 Common powertrains 19. Renault group ranges 7 Joint purchasing policy 19, Main manufacturing sites 10 A common European distribution policy 19. Partnerships and collaborative projects 11 Shared production capacity and cross badging 19. The Renault distribution network 11 A joint IS IT organization 20. Cash management 12 1 2 2 2 Complementary strengths spur development 20. 1 1 2 2 Sales Financing Division 13 Rounding out the offer locally 20. Consumer market 13 Sharing know how and skills 20,Corporate clients 13 1 2 3 Results 21. Networks 13 1 2 3 1 Nissan s recovery proved faster. 1 1 2 3 Strategic shareholdings 14 and fuller than expected 21. Renault s shareholding in AB Volvo 14 The Nissan Revival Plan 21. Renault s shareholding in Nissan 14 The Nissan 180 plan targets lasting growth 21. 1 2 3 2 Nissan makes a growing, 1 2 The Renault Nissan Alliance 15 contribution to Renault s results 22. 1 2 3 3 Global industrial, 1 2 1 Aims and governance 15 and commercial presence 23. 1 2 1 1 The phases and aims of the Alliance 15 1 2 3 4 Quantified data on joint operations 25. 1999 the first phase of the Alliance 15, The second phase started in 2002 16 1 3 The profitable growth strategy 26.
The Alliance Board 17, 1 2 1 2 Powers of Renault Nissan b v 17 1 3 1 Goal 1 Build recognition. for our brand identity 26,1 3 2 Goal 2 Be the most competitive. manufacturer on our markets in terms,of quality costs and delivery times 27. 1 3 3 Goal 3 Extend our international reach 28,1 3 4 Goal 4 Develop Renault s core values 29. 1 3 5 Goal 5 Translate success into,financial performance 31.
2002 Annual Report,1 Renault Group Strategy,2 Corporate Governance. 3 Renault s Performance in 2002,4 Outlook for 2003. 1 1 Presentation of Renault and the group, In 2001 Renault became the main shareholder in the Volvo group with a. 1 1 1 BACKGROUND AND HIGHLIGHTS 20 stake and the two companies joined forces to form the world s sec. ond biggest truck manufacturer, Soci t Renault Fr res was formed in 1898 to manufacture motor vehi In 2002 Renault and Nissan implemented the second stage of their. cles taking advantage of patents such as the first direct drive transmission Alliance aimed at strengthening their equity ties and creating a joint strate. Based in the Paris suburb of Billancourt the company achieved international gic command structure The plan was endorsed by an Extraordinary General. renown through its success in motor sports and initially specialized in the Meeting of Renault Shareholders on March 28 2002 Renault raised its. construction of passenger cars and taxis During the First World War it pro stake in Nissan from 36 8 to 44 4 At the same time Nissan took a 15. duced substantial volumes of trucks light tanks and aircraft engines ownership interest in Renault through Nissan Finance Co Ltd To underpin. the move to strengthen the Alliance the French government reduced its hold. In 1922 having expanded strongly in the passenger car and commercial ing in Renault to 25 9. vehicle markets Renault became a limited company Establishing numer. ous production centers in France and abroad Renault gradually emerged as Renault also sold its holding in Irisbus to Iveco Irisbus will keep the right. the French automobile market leader to use the Renault brand name for its vehicles until June 2005 In terms of. new products 2002 saw the launch of M gane II Hatch and Sport Hatch. In January 1945 the company was nationalized and renamed R gie versions Vel Satis and Espace IV. Nationale des Usines Renault and concentrated on producing the 4 CV. Through to the mid 1980s Renault followed a strategy of diversification in. the industrial financial and service sectors while at the same time grow. ing its industrial and commercial activities internationally The Renault 5. which remains one of the group s best selling models ever was launched. in 1972 But in 1984 the company ran into financial difficulties As a result. it concentrated on restructuring and refocusing on core activities and. returned to profit in 1987, In 1990 Renault became a limited company once again In the same year.
it signed an agreement for close cooperation with the Volvo group And in. 1991 the two groups linked their car and truck businesses via cross share. holdings This arrangement was unwound after plans to merge the two. groups were shelved in late 1993, One year later the French government opened Renault to outside capital a. first step towards privatization which took place in July 1996. From the Type A Voiturette created by Louis Renault in 1898 to the lat. est arrival M gane II Renault has been the source of many ground break. ing concepts in automotive history the 4 CV in 1946 the Renault 4 in 1961. the Renault 16 with its rear hatch and modular interior in 1965 the. Renault 5 with its polyester bumpers in 1972 turbo powered vehicles start. ing in 1980 Espace in 1984 Twingo in 1993 and M gane Sc nic in 1996. are just some of the models that have contributed to the company s tradi. tion of innovation, 1999 marked the start of a new era in Renault s history with the signing of. an Alliance with Nissan on March 27 in Tokyo In the same year Renault. acquired a new brand by taking a 51 stake in Romanian carmaker Dacia. In 2000 this expansion continued with Renault raising its stake in Dacia. to 80 1 increased to 92 7 in 2001 and acquiring a new brand. Samsung Motors in South Korea The starting point for Renault was the Type A Voiturette. with its innovative direct drive transmission,2002 Annual Report. 1 Renault Group Strategy,2 Corporate Governance,3 Renault s Performance in 2002. 4 Outlook for 2003,1 1 2 MAIN ACTIVITIES 1 1 2 1 Automobile Division.
Renault designs develops manufactures and markets passenger cars and. The strengthening of the Alliance between Renault and Nissan in 2002 made light commercial vehicles As part of its automobile business it also man. it necessary to reorganize Renault and create a soci t par actions simpli ages a range of industrial activities tractors via Renault Agriculture 1 bear. fi e simplified joint stock company s a s The new entity Renault s a s ings via SNR etc and services. is wholly owned by Renault S A and encompasses its principal operating Following the acquisition of the Romanian carmaker Dacia and of Samsung. assets Since the final agreement signed with Volvo on January 2 2001 Motors operating assets in Korea Renault now has three automobile brands. the group s activities have been divided into two main divisions Renault Dacia and Samsung. Automobile Division,Sales Financing Division RENAULT GROUP RANGES. In addition to these two divisions Renault has two strategic sharehold. Renault brand,in AB Volvo, in Nissan Renault is a full range automaker present on most market segments It has. a broad passenger and light commercial vehicle offering Most models are. These holdings are accounted for by the equity method in the group s finan. available in multiple versions that vary by body style engine equipment lev. cial statements, els and interior trim This differentiation is achieved by means of a platform. system for which Renault is renowned Eight platforms are used as the basis. for passenger and light commercial vehicle production Renault vehicles are. Structure of the Renault group, equipped with seven families of gasoline and diesel engines. Passenger cars,RENAULT S A, In the small car segment A and B segments Renault offers three com.
plementary models Twingo Clio and Kangoo, Launched in 1993 and restyled in 1998 and 2000 Twingo has entered. its tenth year of service and is still highly successful The two millionth. 44 4 100 93, example was produced in June 2002 and the car continued to grow its. NISSAN MOTOR RENAULT s a s DACIA share of the Western European market Twingo offers a choice of two. gasoline engines 60hp 1 2 liter and a 75hp 1 2 liter 16V unit with a five. speed manual gearbox or Quickshift 5 transmission The year 2002 saw. the launch of a new Twingo collection with a revamped interior. redesigned upholstery and new color schemes Twingo is manufactured. at a single plant in Europe Flins in France and also in Latin America. VOLVO RCI BANQUE RENAULT Other industrial Uruguay and Colombia. SAMSUNG MOTORS commercial, financing and Clio II replaced Clio in 1998 In 2000 Clio was awarded four stars for. cash management, companies passive safety by the European car assessment program Euro NCAP In. 2001 Clio II benefited from radical restyling and technological enhance. Automobile Division ment notably the 1 5 liter dCi diesel unit and 1 2 liter 16V gasoline. engine In 2002 Clio II turned in a record performance and ranked sec. Sales Financing Division ond in its segment in Western Europe In Europe Clio II is produced at. Flins France Valladolid Spain and Novo Mesto Slovenia It is also. Strategic shareholdings assembled at the Bursa plant in Turkey sedan version and at the.

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