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Automobiles

Nissan's triple alliance reaps $6.7bn in savings

Addition of Mitsubishi Motors adds heft to the partnership

Under chief Carlos Ghosn, the alliance of Nissan Motor, Renault and Mitsubishi Motors is merging operations such as research and development to cut group-wide costs.   © Reuters

TOKYO -- Nissan Motor's alliance with France's Renault and new partner Mitsubishi Motors generated 5.7 billion euros ($6.71 billion) in synergies in 2017, as the automakers combined procurement and development operations.

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