The Netherlands – In its 15th anniversary year, the Alliance is to embark on what it says is a “significant wave of integration”. The two companies will merge Engineering, Manufacturing and Supply Chain Management, Purchasing and HR from April. A new management committee will oversee the implementation, while an Alliance executive vice-president will lead each function going forward.
“Together, Renault and Nissan have significantly expanded their global footprint and generated economies of scale vastly larger than either company could accomplish on its own,” commented Carlos Ghosn, Alliance chairman and CEO. “Renault and Nissan have charted a unique course for 15 years, maximising synergies while nurturing each company's distinct brands and corporate culture.”
The Alliance achieved a record €2.8 billion worth of synergies last year, from a combination of cost reductions, cost avoidance and revenue increases. Renault-Nissan expects the amount of new or incremental synergies to rise to over €4.3 billion by 2016.