Renault-Nissan Alliance Celebrates 15th Anniversary as Four Key Business Units
Prepare to Converge
AMSTERDAM, March 27, 2014
AMSTERDAM, March 27, 2014 /PRNewswire/ --
*Renault-Nissan, the auto industry's longest-lasting and most productive
cross-cultural partnership, celebrates its 15 ^th anniversary today
*New Alliance leaders prepare for converged operations in Engineering,
Manufacturing and Supply Chain Management, Purchasing and Human Resources
starting 1 April
*Convergence is expected to increase synergies to €4.3 billion in 2016
The Renault-Nissan Alliance is celebrating its 15 ^th anniversary today, only
days before the global car group launches its next significant wave of
(Logo: http://photos.prnewswire.com/prnh/20140130/666713-a )
Renault and Nissan came together in 1999, when Renault invested 643 billion
yen (approximately 5 billion euros or US$ 5.4 billion at the time) for a 36.8%
stake in Nissan, which at the time was close to bankruptcy. Since then, the
companies have reached sales of 8.3 million units, up from 4.8 million units
in 1999, and moved into the top tier of global automakers. Today, Renault has
a 43.4% stake in Nissan, while Nissan has a 15% stake in Renault.
"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," said Renault-Nissan Alliance Chairman and CEO,
Carlos Ghosn. "Renault and Nissan have charted a unique course for 15 years,
maximizing synergies while nurturing each company's distinct brands and
The Renault-Nissan Alliance is now the auto sector's longest-lasting and most
productive cross-cultural collaboration - a model business case in an industry
notorious for corporate breakups.
To learn what independent, objective experts say about the Alliance and
collaborations in the auto industry, watch this mini-documentary:
http://blog.alliance-renault-nissan.com/node/1856 . To see a timeline of
significant events in Alliance history, check out this interactive
infographic: http://blog.alliance-renault-nissan.com/page/timeline .
2013: Another Record Year
In 2013, the Alliance, including AVTOVAZ - Russia's largest automaker - sold a
record 8.3 million cars.
The Renault-Nissan Alliance accounts for one in 10 cars sold worldwide, the
fourth largest car group globally. The Alliance has eight brands: Renault,
Nissan, Renault Samsung, Infiniti, Venucia, Dacia, Datsun and Lada.
The Alliance generated approximately €2.8 billion in synergies in 2013,
another new record. Synergies are generated from cost reductions, cost
avoidance and revenue increases. Only new or incremental synergies - not
cumulative synergies - are taken into account every year.
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