Renault: Alpine Brand Investor Day Reveals Ambitious Revenue Growth and Margin Expansion

No-moat Renault held an investor day for its Alpine brand, during which management set an ambitious revenue growth target and substantial margin expansion. Alpine started life in the 1950s as the tuner brand of Renault, and became well known for rally racing in the early 1970s. Alpine as a brand was dropped by Renault in 1995 but the A110 model, which had a production run from 1968 to 1977, and the Alpine brand were relaunched in 2017. The Renault Formula One race team changed its name to Alpine in 2021 to promote its racing heritage.