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Renault-Nissan says vehicle platforms boost alliance savings

: Thursday, July 03 - 2014 @ 03:11

Renault and Nissan have said increased savings from their carmaking alliance by 6.7% last year, as the first cars built on jointly developed vehicle architectures rolled off production lines, Reuters has reported. Alliance savings rose to €2.87bn ($3.91bn) in 2013 from €2.69bn a year earlier, the alliance said. Alliance executive vice president, Christian Mardrus, said it was targeting €3.5bn of savings this year. Production began at Nissan last year from the alliance’s first jointly developed mid-size car platform, CMF. Renault is due to launch its first CMF-based vehicle next year, a replacement for the ageing Espace minivan.

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Thursday, July 3- 2014 @ 3:11 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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