Renault-Nissan Aims for Greater Synergies

Renault-Nissan Alliance CEO Carlos Ghosn says the two companies are looking at new ways to collaborate that could reduce costs by €4.3 billion ($4.7 billion) this year—about €500 million more than it targeted two years ago.

Ghosn tells The Nikkei the companies have revived their search for more synergies after the French government, which owns 19.7% of Renault, pledged late last year not to interfere with the company’s business activities.

Ghosn describes the three-way agreement as a “good outcome” that has “stabilized” the 17-year-old alliance. Renault owns 43.4% of Nissan, which holds a 15% non-voting stake in Renault.

The two companies expect to share more functions at both the regional and global level, Ghosn tells the Tokyo-based newspaper. He predicts more standardized parts and product development processes.