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Automobiles

Nissan-Renault alliance to deepen cooperation and cut costs

Carmakers seek more efficiency but rule out merger, operating board chairman says

Nissan and Renault, which are in a three-way tie-up with Mitsubishi Motors, are shifting away from their previous focus on sales volumes. (Photo by Kai Fujii)

TOKYO -- Nissan Motor, Renault and Mitsubishi Motors set out on Wednesday their plans to deepen their carmaking alliance to confront plunging vehicle demand amid the coronavirus pandemic, saying they would become more efficient and cut costs while ruling out a full merger.

The three carmakers said their alliance would seek to cut investment costs per vehicle model by up to 40% through greater use of common platforms and parts. They also cast doubt over its previous growth strategy, saying the focus would shift away from maximizing sales volume.

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