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Renault CEO Francois Provost on Earnings, EVs, China

Bloomberg

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Renault’s new CEO, François Provost, warned in his first TV interview that profitability will decline in 2026 as the automaker accelerates electric vehicle rollouts amid intensifying European competition. Provost pledged to maintain his predecessor’s strategy, prioritizing long-term resilience over short-term gains despite market pressures and economic uncertainty. The CEO outlined a five-year plan to achieve "steady and robust performance," emphasizing expansion beyond Europe to offset regional challenges and competitive threats. Rising costs and aggressive EV competition in Europe were cited as key drivers of the profitability dip, though Provost did not specify which markets Renault will target for growth. He stressed operational stability as the core focus, framing the decline as a strategic investment phase rather than a structural weakness.

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Feb 19th, 2026Renault CEO Francois Provost on Earnings, EVs, ChinaRenault CEO Francois Provost speaks exclusively to Bloomberg TV in his first television interview in the role after the automaker reported today that it expects profitability to decline this year as it rolls out new electric models and grapples with rising competition in Europe. Provost said he plans to keep the same strategy as his predecessor and is aiming for resilient growth, pushing outside of Europe: "What I want to do during the next five years is really to deliver a very steady and robust performance in a difficult environment".Duration:4:41Duration:9:03Duration:8:02Duration:8:04

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Source: Bloomberg

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