The giant automotive Renault-Nissan Alliance is to converge further under its joint chairman and CEO Carlos Ghosn by undertaking projects to enhance performance and achieve at least €4.3 billion (£3.7bn) in cost savings by 2016.
The Alliance has announced that it will study increased convergence in Research & Development, Manufacturing & Logistics, Purchasing, and Human Resources.
Ghosn said: “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. 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.”
A statement from the companies said the additional convergence projects in R&D and Manufacturing will be “designed to drive more synergies and deliver more economies of scale for the companies and their suppliers globally”.
In R&D, Renault and Nissan will study how to allocate research on next-generation technologies to spread resources further. The R&D study will also focus on the acceleration of common platforms, define and deploy a common powertrain strategy, and optimise test facilities globally.
Manufacturing and logistics projects will focus on how to improve plant performance through more rigorous benchmarking while in HR, joint company teams will launch a project to create a unified “talent management” policy
Renault and Nissan boast “the longest lasting and most productive cross-cultural collaboration in the auto industry”. The companies joined forces in 1999.
Copyright Ken Hurst 2014