Renault - Nissan - Mitsubishi Increase Annual Synergies to EUR5.7 Billion

Paris, Tokyo and Yokohama, Japan (ots/PRNewswire) -

- Annual synergies rise 14%, from EUR5 billion in 2016 to EUR5.7
billion in 2017
- Mitsubishi Motors reports first full year of synergies as
Alliance member
- Further convergence underway in Aftersales, Quality & Total
Customer Satisfaction and Business Development
- The Alliance reaffirms synergy target of more than EUR10 billion
by the end of 2022

Renault - Nissan - Mitsubishi today reported a 14% increase in
annualized synergies to EUR5.7 billion, up from EUR5 billion in 2016,
as members of the world's largest automotive alliance benefited from
growing cost savings, incremental revenues and cost avoidance.

(Logo: http://mma.prnewswire.com/media/556610/Renault_Nissan_Mitsu
bishi_Logo.jpg )

The latest synergies reflect the economies of scale realized by
the Alliance members, which reported total sales of more than 10.6
million vehicles for 2017 - becoming the world's largest automotive
group in terms of sales of passenger cars and light commercial
vehicles (LCVs).

"The Alliance has a direct, positive impact on the growth and
profit of each member company," said Carlos Ghosn, Chairman and CEO
of Renault-Nissan-Mitsubishi. "In 2017, the Alliance turbo-charged
the performance of all three companies including Mitsubishi Motors
which saw its first full-year of synergy gains."

"We expect to generate growing synergies in coming years as the
Alliance accelerates convergence through increased utilization of
joint plants, common vehicle platforms, technology-sharing and our
combined presence in mature and emerging markets. We reaffirm our
synergy goal of more than EUR10 billion by the end of 2022."

Under the Alliance 2022 mid-term plan, the member companies
forecast to sell more than 14 million vehicles by the end of the
plan, of which 9 million will be built on four common platforms
including electric and B segment vehicles, and extending the use of
common powertrains from one third to 75% of the total.

Through the converged Engineering function, the Alliance member
companies share R&D costs and investments, which increase their
competitiveness. For instance, Nissan and Mitsubishi Motors joined
forces last year to develop the next generation of Kei cars.

In 2017, the Alliance Purchasing Organization (formerly RNPO)
generated significant cost reductions and avoidance through
centralized sourcing of parts, equipment and tooling, global contract
negotiations, and common utilities sourcing at facilities around the
world.

Examples of new synergy include:

- The adoption by Mitsubishi Motors of Nissan Sales Finance and
Renault RCI Bank and Services capabilities;
- Benchmarking between Nissan and Mitsubishi Motors in the ASEAN
region;
- Shared spare parts warehouses between Renault, Nissan and
Mitsubishi Motors in Europe, Japan and Australia.

In Manufacturing, ongoing synergies were also realized through
vehicle production on shared platforms such as the Datsun Redi-Go and
Renault Kwid, and through cross-manufacturing activities such as
Renault Alaskan production at the Nissan plants in Cuernavaca, Mexico
and Barcelona, Spain. Costs associated with vehicle transportation
were significantly reduced in 2017, as Nissan and Mitsubishi Motors
combined shipments of finished vehicles from plants in Thailand to
their respective dealers.

The creation of the LCV converged business unit in 2017 maximized
cross-development and cross-manufacturing, delivering synergies in
costs and technology in vehicles such as the Nissan platform based
one-ton pick-up truck by Renault and Daimler. This allowed the
extension of Alliance market coverage to 77% with a total range of 18
models across Renault, Nissan and Mitsubishi Motors.

"Deeper convergence and increased synergies will cement the
sustainability of the Alliance for the long term," said Mr. Ghosn.

About Renault - Nissan - Mitsubishi:

Groupe Renault, Nissan Motor and Mitsubishi Motors represent the
world's largest automotive alliance. It is the longest-lasting and
most productive cross-cultural partnership in the auto industry.
Together, the partners sold more than 10.6 million vehicles in nearly
200 countries in 2017. The member companies are focused on
collaboration and maximizing synergies to boost competitiveness. They
have strategic collaborations with other automotive groups, including
Germany's Daimler and China's Dongfeng. This strategic alliance is
the industry leader in zero-emission vehicles and is developing the
latest advanced technologies, with plans to offer autonomous drive,
connectivity features and services on a wide range of affordable
vehicles.

http://www.alliance-2022.com

http://www.media.renault.com

http://www.nissan-newsroom.com

http://www.mitsubishi-motors.com/en/newsrelease/

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

Contact:
Jonathan Adashek
Alliance Communications
Renault-Nissan-Mitsubishi
+33(0)6-23-26-85-30
jonathan.adashek@alliance-rnm.com

Parul Bajaj
Alliance Communications
Renault-Nissan-Mitsubishi
+33(0)6-25-54-10-73
parul.bajaj@alliance-rnm.com

Caroline Sasia
Alliance Communications
Renault-Nissan-Mitsubishi
+33(0)6-11-30-36-71
caroline.sasia-lallier@alliance-rnm.com

Original-Content von: Renault-Nissan-Mitsubishi, übermittelt durch news aktuell