Given the current level of performance of Renault Group, which is above initial expectations, the group upgrades its financial outlook for the full year 2023. It expects an operating margin between 7% and 8% (6% before) and an automotive-operational free cash flow superior to or equal to €2,5 billion (€2 billion previously).

“This improvement is mainly driven by the quality of the sales mix thanks to the success of our new launches and to our commercial policy focused on value,” says the press release.

Renault Group expects for the first half of 2023 a Group operating margin superior to 7% and an automotive operational free cash flow of around €1,5 billion (including €600 million of Mobilize Financial Services dividends).

“Renault Group reaches record levels of performance,” says Luca de Meo, CEO of Renault Group. “These results are the outcome of our strategy focused on value and of the unwavering commitment of the teams over the last three years for Renaulution, which is transforming the Group in depth.”

“Thus, Renault Group upgrades its financial outlook for the year, thanks to the continuous efforts to reduce costs and the unprecedented product offensive in the Group’s history. This product offensive, across all our brands, has only just begun and will further improve the Group’s performance while leading a unique transformation to become the Next Gen automotive company,” he adds.

Twingo by Sabine Mercelis

Meanwhile, to celebrate the 30th anniversary of its iconic Twingo, Renault has partnered with internationally renowned designer and contemporary artist Sabine Marcelis to reimagine this iconic model, unveiling an artistic vision of the original Twingo launched in 1993.

“Sabine Marcelis has established herself as one of the world’s most influential designers. Her impressive art installations have captivated international audiences, from design and art lovers at Art Basel to visitors to museums worldwide,” says the accompanying press release.

The Dutch designer is known for her work with pure, elegant forms, her particular affinity with light, and her mastery of technologies that push the limits of what’s possible when making better use of materials.

“The project began with a detailed exploration of the Twingo, returning to its most recognizable features: its iconic single-volume silhouette, its characteristic headlights, and its modular interior with its incredible sense of space and luminosity,” Renault’s press text describes. “This was followed by meticulous work on the play of transparency and the interplay between color and materials. The result is striking: a Twingo like no other, yet faithful to the very essence of the iconic model 30 years after its creation.”

“The collaboration with Renault began with an invitation to rethink Twingo as part of its 30th-anniversary celebrations,” says Sabine Mercelis. “It was a fantastic opportunity, and a new field of exploration for me, as I’d never designed a car before. Working on such an iconic and popular car was a real challenge, especially given the scale of the project. It was an opportunity to create something truly innovative and memorable,” she adds.

“Renault’s commitment to electric cars – the concept has been retrofitted with an electric motor – and Sabine Marcelis’ innovative approach to materials and design create the perfect synergy to celebrate the anniversary of the iconic Twingo, revealing the car in a whole new light,” the press release concludes.