Renault CEO: French Unrest & Europe's Moment of Reckoning

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As France grapples with political instability, rising public discontent and student protests, Renault CEO François Provost says Europe is facing a moment of reckoning. In this edition of The Big Boss Interview, Theo Leggett speaks to the head of one of Europe's largest carmakers about the economic, industrial and political pressures reshaping the continent. Provost warns that European vehicle production could fall to around half its historic level after 2030 unless governments tackle the combined challenges of global competition, rising costs and industrial policy. He argues that decisions being taken today in Brussels, Paris and London will determine the future of an industry that supports millions of jobs across Europe. The Renault boss discusses the growing competitive threat from Chinese manufacturers, the future of electric vehicle regulation, and why he believes European policymakers need a more realistic approach to preserving the region's industrial base. He also reflects on the uncertainty created by political instability in France and elsewhere in Europe, and the risks this poses for businesses making long-term investment decisions. Presenter: Theo Leggett Producer: Olie D'Albertanson 04:23 Developing cars in two years and learning from China 05:04 Can Europe beat China at its own game 05:28 Why Europe cannot compete with China on cost 06:10 The call for an EU–China investment deal 07:14 Jobs at stake in France and across Europe 08:13 European production could halve after 2030 09:09 Why EU and UK electric car targets are unrealistic 12:49 Cutting the ZEV mandate to 50% by 2030 13:11 The UK and Made in Europe 13:43 Disagreeing with the French government 15:08 Matching EU tariffs and quotas on Chinese imports 16:06 Closer UK–EU ties and rejoining the EU 18:04 Renault's engineering overhaul and union deal 25:46 Political instability in France 27:22 Students, the French elite and opportunity for young people