The news that a recreation of the Renault 5 is getting closer to being given the green-light should come as no surprise. Renault is struggling to cut through in the European market and has suffered particularly in the British new car market, where its market share has collapsed over the last decade. Any sharp new small concept that can cut through the fog of retail war would be most welcome for the brand and its dealers.
Renault has long prided itself on its Frenchness but, as one senior company boss recently admitted recently, the company might have to become ‘German first and French second’.
Frenchness in the global fashion world continues to be a plus and, indeed, a recent BBC Newsnight report claimed that around half of all the adult women in Tokyo owned a Louis Vuitton handbag.
But replicating the success of extraordinary LVMH luxury goods group (a kind of fashion VW, which spans everything from Moet & Chandon to Dior to TAG Heuer) in the automotive world is proving very difficult.