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Renault to produce 7m cars with Nissan and Mitsubishi: Chairman

Jean-Dominique Senard banks on common platforms and electric vehicles

Renault Chairman Jean-Dominique Senard shakes hands with Nissan CEO Makoto Uchida at a meeting of the alliance operating board on Jan. 30, 2020. (Photo courtesy of Renault)

PARIS -- French automaker Renault is beefing up its collaborative efforts with Japan's Nissan Motor and Mitsubishi Motors, with the three-way alliance planning to share the production of major components.

Renault unveiled a midterm strategic plan on Thursday that stresses manufacturing cooperation as well as production cost reductions as it scales back factories.

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