Renault and Nissan Launch Projects to Accelerate Alliance Synergies

Amsterdam (ots/PRNewswire) -

- To achieve at least EUR4.3B annualized synergy target, the Alliance will
focus on closer integration in four key areas: R&D, Manufacturing & Logistics,
Purchasing, and Human Resources.
- Projects in each function focused on improving operational performance of the
Alliance and fully leverage economies of scale.

The Renault-Nissan Alliance is launching convergence projects in
four key functions to enhance performance and achieve at least a
EUR4.3 billion annualized synergy goal by 2016.

(Logo: http://photos.prnewswire.com/prnh/20140130/666713-a )

(Photo: http://photos.prnewswire.com/prnh/20140130/666713-b )

(Photo: http://photos.prnewswire.com/prnh/20140130/666713-c )

(Photo: http://photos.prnewswire.com/prnh/20140130/666713-d )

(Photo: http://photos.prnewswire.com/prnh/20140130/666713-e )

The Alliance announced today that it will study increased
convergence in Research & Development, Manufacturing & Logistics,
Purchasing, and Human Resources to be jointly managed by Renault and
Nissan.

"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," said Renault-Nissan Chairman and CEO Carlos Ghosn.
"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." (Watch our video news release here:
http://www.media.blog.alliance-renault-nissan.com/news/4765 [ lonpi
vdocsredocs2013www.media.blog.alliance-renault-nissan.comnews476
5 ])

Four Areas of Focus

Four operations are launching convergence projects, including:

- Purchasing: Renault and Nissan have had a significantly combined
purchasing organization for more than a decade. 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 - including France,
Japan and key growth markets. Christian Vandenhende, Managing Director of
Renault-Nissan Purchasing Organization, will be the Purchasing convergence project
leader.

- 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 optimize test facilities globally. Tsuyoshi Yamaguchi, Director of
Common Platforms and Parts for the Renault-Nissan Alliance, will be the R&D
convergence project leader.

- Manufacturing & Logistics: Projects will focus on how to improve plant
performance through more rigorous benchmarking. The teams will also review how to
optimize capital expenditures through standardization, better capacity utilization and
logistics efficiency. Shouhei Kimura, Corporate Vice President for Vehicle Production
Engineering at Nissan, will be the Manufacturing & Logistics convergence project
leader.

- Human Resources: Renault and Nissan teams will study the development of
common HR processes throughout the Alliance. The companies will launch a project to
create a unified "talent management" policy from the home countries and across global
operations. Marie-Francoise Damesin, Executive Vice President for Human Resources at
Renault, will be the HR convergence project leader.

Full press release available here:
http://www.media.blog.alliance-renault-nissan.com/news/4765

Contact:
Mia Nielsen
+33(0)6-10-83-31-33
Renault-Nissan Alliance
mia.nielsen@renault.com

Photo:
http://photos.prnewswire.com/prnh/20140130/666713-a

http://photos.prnewswire.com/prnh/20140130/666713-b

http://photos.prnewswire.com/prnh/20140130/666713-c

http://photos.prnewswire.com/prnh/20140130/666713-d

http://photos.prnewswire.com/prnh/20140130/666713-e

ots Originaltext: Renault-Nissan Alliance
Im Internet recherchierbar: http://www.presseportal.de