Renault, Nissan and Mitsubishi said Thursday they would deepen their alliance as they sought to cut costs and increase output and remain the world's top car manufacturing group. While the automakers have cooperated for some time in a number of areas, the latest initiative intends to move cooperation into product development, with joint teams in each market segment.
Carlos Ghosn, chief executive of the alliance, said each company will "continue to have total control on their product line-up" and work on their own designs. "But the people who, from a technical point of view, respond to these requests are going to be working under a single leadership to make sure that all the commonalities that we are working on are being used", which will deliver savings to the group.
Project leaders have been appointed for engineering, manufacturing, purchasing and business development among other areas. Renault recently announced record profits for last year, while the alliance took the mantle of top-selling carmaker with 10.6 million vehicles sold worldwide in 2017. But with Ghosn, who turns 64 this month, seen as holding the sprawling three-company construct together, the question of the future of the alliance has come to the forefront as he was reappointed to lead Renault last month.
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