The Renault-Nissan Alliance posted record synergies of 2.87 billion euros in 2013, up from 2.69 billion euros in the previous year. Purchasing, powertrain and vehicle engineering remained the biggest contributors as the Alliance geared up for the launch of its first Common Module Family (CMF) vehicles.  

• 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.

Thank you, Dr. Zetsche… and good morning, ladies and gentlemen.

The famous German philosopher Georg Hegel once said: “Nothing great in the world has ever been accomplished without passion.”