Renault-Nissan to share parts and save $4 billion/year: Starting from India
The alliance of French car makers, Renault SA, and Japanese automakers, Nissan Motor Company, Renault-Nissan will be combining both manufacturing and R&D facilities, in order to implement savings of up to $4 billion (Rs 25,089 crores) per annum.
By early April, Renault and Nissan will be appointing a manager to oversee production departments while the same joint effort will be seen where R&D facilities are concerned.Â
By the year 2020, this structure will be expanded to 10 countries across the globe. Renault and Nissan have maintained a strategic partnership over the past decade, though they operated separately and maintained separate brands. This alliance already boasts of $3.6 billion in savings during 2012 due to combined purchase of power and other facilities. The automotive duo also took controlling stake in Russiaâ€™s Avtovaz which will allow the alliance to achieve their goal of 10 million unit sales by 2016. (source)