Synergies up 54% from 1.75 billion euros in previous year
Sharp increase shows partnership's momentum keeps accelerating
Purchasing, powertrain and vehicle engineering areas remain the biggest
Synergies expected to keep growing with acceleration in non-engineering
PARIS, June 27, 2013 /CNW/ - The Renault-Nissan Alliance posted record
synergies of 2.69 billion euros in 2012, up from 1.75 billion euros in
the previous year.
The 54% jump shows that the partnership's momentum continues to
accelerate. Formed in 1999, Renault and Nissan enjoy the
longest-lasting and most productive cross-cultural partnership in the
auto industry. (See our video here: http://www.media.blog.alliance-renault-nissan.com/news/4350).
Synergies come primarily from cost reductions and cost avoidance. Only
new synergies - not cumulative synergies -- are taken into account
Renault and Nissan collaboration increased worldwide, particularly in
emerging markets where both companies are expanding their industrial
"Synergies and greater economies of scale allow Renault and Nissan to
compete in an elite tier of the world's top automakers globally," said
Christian Mardrus, Renault-Nissan Alliance Managing Director for
Logistics and the Office of the CEO. "We expect to generate even more
synergies going forward, particularly in emerging markets such as
Brazil, Russia, India and China."
Purchasing, powertrain and engineering synergies remain the highest
As in previous years, the top contributors to synergies by business unit
in 2012 were purchasing (851 million euros), powertrain (709 million
euros) and vehicle engineering (546 million euros).
Synergies increasingly come from Asia and emerging markets such as
Russia, where the two manufacture vehicles and powertrains together at
the same plants.
The Alliance's plant in Chennai, India, for example, is home to the
biggest platform-sharing project within the Alliance. The plant, which
has an annual production capacity of 400,000 units, produces both
Renault and Nissan vehicles for export and the local market.
For the full release, go to: http://www.media.blog.alliance-renault-nissan.com/news/4350.
SOURCE: Renault-Nissan Alliance
For further information:
Nissan Motor Co., Ltd.