Renault-Nissan-Mitsubishi unveil new business framework
Renault-Nissan-Mitsubishi outlined a new framework to further reinforce its business model and strengthen its management structure. All three companies reiterated that the Alliance is essential for strategic growth and enhancing competitiveness for each company.
The new framework, ratified at a meeting of the Alliance Operating Board (AOB) in Yokohama, Japan, will enhance the ability of the Alliance member companies to capitalise on the individual company’s strengths and complement their strategies.
The AOB also reaffirmed key programs outlined at the previous board meeting in November to support initiatives that will enable each member company to increase competitiveness and profitability amid the industry shift to new mobility services.
A spokesperson from Alliance said: “We are reinforcing the collaboration models to fully leverage the strengths within each company to enhance our leadership across regions, products and new technologies.
“As of today, the AOB has decided:
- On regions, each of the three companies will be the reference company for a dedicated region: Nissan for China, Renault for Europe, Mitsubishi for South East Asia.
- The engineering will work on a leader/follower model, expanding this scheme to platforms, powertrains and key technologies. Thus, one company will take the lead in the Alliance for the development of each key technology, which will then be spread among Alliance partners.
- The AOB also decided to pool the three companies CAFE credit in Europe as early as 2020.
- On LCV, Renault will develop and manufacture, in Sandouville plant, the Mitsubishi van based on Renault Trafic platform to be sold in the Oceania region.
- Strategic mid-term plans of the three companies will be disclosed simultaneously around May 2020, integrating the major consequences of the Alliance Operating Board decisions.”