One of the most significant issues that Renault has faced is quality control problems. In 2019, the company recalled over 15,000 cars due to brake problems. In 2020, Renault also faced a scandal when it was revealed that some of its diesel cars emitted higher levels of pollutants than allowed by European regulations. The company was forced to recall thousands of cars and pay millions of euros in fines.
Moreover, Renault has faced allegations of corporate misconduct, with some executives accused of insider trading. In 2019, Renault’s CEO Carlos Ghosn was arrested in Japan on charges of financial misconduct. Ghosn was accused of underreporting his compensation and misusing company funds, leading to his resignation from the company. The scandal raised questions about Renault’s corporate governance and management practices.
In addition, Renault has struggled with declining sales and market share in recent years. The company has faced intense competition from other car manufacturers, particularly in the electric vehicle market. Renault has also been criticized for not investing enough in electric and hybrid vehicle technology, which has put it behind competitors in the race towards more sustainable transport.
Renault has taken steps to address some of these issues, such as launching a new electric vehicle platform and investing in battery production. The company has also appointed a new CEO, Luca de Meo, who has promised to overhaul the company’s strategy and streamline its operations.
However, these measures may not be enough to restore Renault’s reputation fully. The company’s quality control problems, corporate misconduct allegations, and declining market share have all had a negative impact on its brand and could take years to repair.
In conclusion, Renault has faced several negative issues concerning its management and quality control, including recalls, emissions scandals, and allegations of corporate misconduct. While the company has taken steps to address these issues, it remains to be seen if these measures will be enough to restore its reputation and regain the trust of customers and investors. Renault’s management and quality issues remain a significant challenge for the company and will require significant effort and investment to overcome.