Renault-Nissan Alliance generates record synergies in 2015

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One year ahead of schedule, the Renault-Nissan Alliance reportedly generated €4.3bn (US$4.8bn) in synergies in 2015, an increase of 13% from 2014.

Renault and Nissan generate these synergies by working together to reduce costs, avoid spending and increase revenue. Only new synergies – not cumulative – are taken into account each year. Synergies help Renault and Nissan meet their financial goals and deliver higher-value vehicles to customers. Purchasing, engineering and manufacturing were the main contributors.

“Convergence in four of our key business functions has resulted in creating value by reducing costs, avoiding expenses and increasing revenues. Thanks to the convergence, the Alliance expects to generate at least €5.5bn (US$6.1bn) in synergies in 2018,” said Carlos Ghosn, chairman and CEO of the Renault-Nissan Alliance.

July 6, 2016

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John joined UKi Media & Events in 2012 and has worked across a range of B2B titles within the company's automotive, marine and entertainment divisions. Currently editor of Automotive Testing Technology International, Crash Test Technology International and Electric & Hybrid Marine Technology International, John co-ordinates the day-the-day operations of each magazine, from commissioning and writing to editing and signing-off, as well managing web content. Aside from the magazines, John also serves as co-chairman of the annual Electric & Hybrid Marine Awards and can be found sniffing out stories throughout the halls of several of UKI's industry-leading expo events.

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