GROUPE RENAULT

ALLIANCE PRESS RELEASE - MAY 27, 2020

PRESS RELEASE – Paris, Tokyo, Yokohama: May 27, 2020

ALLIANCE NEW COOPERATION BUSINESS MODEL TO SUPPORT MEMBER-COMPANY COMPETITIVENESS AND PROFITABILITY
                                                   

• Alliance partners to leverage leader-follower scheme to enhance efficiency and competitiveness in products and technologies
• Individual members to be reference for the regions where they have key strengths, acting as a gateway and support mechanism for partners’ competitiveness  
• Alliance continues to benchmark performance in products, technologies and markets against top industry standards

             
Groupe Renault, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, the members of one of the world’s leading automotive alliances, today announced several initiatives as part of a new cooperation business model to enhance the competitiveness and profitability of the three partner companies.

The member companies plan to build on existing Alliance benefits in areas such as joint purchasing by leveraging their respective leadership positions and geographic strengths to support their partners’ business development.

“The Alliance is a unique strategic and operational partnership in the automotive world and gives us a strong edge in the ever-changing global automotive landscape,” said Jean-Dominique Senard, Chairman of the Alliance Operating Board and Renault. “The new business model will enable the Alliance to bring out the most of each company’s assets and performing capabilities, while building on their respective cultures and legacies. The three companies of the Alliance will cover all vehicle segments and technologies, across all geographies, for the benefit of every customer, while increasing their respective competitiveness, sustainable profitability and social and environmental responsibility.”