Renault and Nissan launch projects to accelerate Alliance synergies

JAN

2014

Renault-Nissan Alliance Team

Renault and Nissan launch projects to accelerate Alliance synergies

To achieve at least €4.3B annualized synergy target, the Alliance will focus on closer integration in four key areas: R&D, Manufacturing & Logistics, Purchasing, and Human Resources.

Projects in each function focused on improving operational performance of the Alliance and fully leverage economies of scale.

The Renault-Nissan Alliance is launching convergence projects in four key functions to enhance performance and achieve at least a €4.3 billion annualized synergy goal by 2016.

The Alliance announced today that it will study increased convergence in Research & Development, Manufacturing & Logistics, Purchasing, and Human Resources to be jointly managed by Renault and Nissan.

“Renault and Nissan’s partnership is fundamentally based on mutual respect and an attitude where all ‘win-win’ projects move forward on the fast track,” said Renault-Nissan Chairman and CEO Carlos Ghosn. “With the new convergence projects, we will continue on the same path and with the same principles of respect and transparency — at an accelerated pace.”

Read the full press release