Renault and Nissan to merge key operations to rival giants
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RENAULT and Japanese alliance partner Nissan unveiled their boldest steps yet to combine key operations and pursue economies of scale to rival auto giants like Volkswagen.
The creation of an alliance management team was among moves unveiled by Renault-Nissan boss Carlos Ghosn yesterday after 15 years of cooperation between them.
The measures will yield an “immediate increase in efficiency,” Ghosn said in a statement. “The synergies will then enable us to deliver higher-value vehicles to customers and stay at the leading edge of innovation.”
Squeezed by the rising costs of emissions regulation at home and tougher competition in emerging markets, where demand is slowing, Western carmakers have looked to mergers, alliances and ad-hoc production deals to share costs and boost profitability.
Renault and 43.4 percent-owned affiliate Nissan are rolling out new models on a jointly developed mass-market vehicle architecture and in January raised their savings goal to at least 4.3 billion euros (US$6 billion) by 2016.
Confirming plans outlined at the time, Ghosn named new executive vice presidents yesterday to run converged manufacturing, research and development, purchasing and human resource functions across the alliance, starting on April 1.
Renault and Nissan, which in turn owns 15 percent of Renault, are lagging behind Volkswagen, Hyundai-Kia and Toyota on platform scale — the number of vehicles assembled from a common architecture.
In the face of faster-moving rival combinations such as the Fiat Chrysler merger, Ghosn has argued that cultural sensitivities prevented faster Renault-Nissan integration.
Analysts and insiders say both carmakers have missed major savings opportunities over the years as they developed separate programs such as electric cars and light commercial vehicles.
The latest steps in the alliance will test whether their ties have made integration easier.
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