How we work
In 2014, the Alliance took a major step in its evolution with the convergence of four core business functions: Engineering, Manufacturing and Supply Chain Management, Purchasing and Human Ressources. The Alliance generated €4,3 billion in synergies in 2015, one year earlier than anticipated, and 5 billion in 2016. In 2017, Renault- Nissan- Mitsubshi reported a 14% increase in annualized #synergies to €5.7 billion.
- The amount of synergies is reviewed by the Controllers of each company.
- Only new synergies are taken into account.
- Synergies come from cost reductions, cost avoidance and revenue increases.
"For the last 18 years, Renault, Nissan and Mitsubishi are engaged in a unique alliance to generate synergies for all of the companies involved."- Carlos Ghosn, Chairman & CEO.
Exchanges of powertrains and common powertrains
To capitalise on the powertrain expertise, the Alliance co-develops common engines and gearboxes as well as technologies adapted to the customers needs all around the world. Being committed to the quest for sustainable mobility and the reduction of fuel consumption and CO2 emissions, the Alliance offers a comprehensive range of powertrain options (petrol, diesel, electric), courtesy of technological solutions that are widely affordable and in compliance with the current legislation. Today, around 75% of our powertrain are shared by the Alliance.
The success of the Alliance comes from the ability of its members to reduce duplication and improve efficiency. These benefits will increase significantly with the addition of Mitsubishi Motors. Mitsubishi Motors will benefit from synergies in the areas of joint purchasing and plant utilization, deeper localization, sharing of common platforms and automotive technologies, and expansion into new markets. In turn, Alliance partners Nissan and Renault will benefit from Mitsubishi’s expertise and leadership in areas such as kei cars, plug-in hybrid technology, SUVs and four-wheel drive vehicles, as well as its strengths in the ASEAN region. We will continue to identify new synergies as the Alliance evolves.
Six things you should know about Mitsubishi Motors
- Mitsubishi Motors is the longest established mass market car manufacturer in Japan.
- Mitsubishi Motors produced its first car in 1917 (Mitsubishi A), while Nissan produced its first vehicle in 1933 (Datsun12 Phaeton.)
- Mitsubishi Motors is the best-seller of PHEVs in Europe with 30K units sold in 2015, and 21K in 2016.
- Mitsubishi Motors has a strong presence in Southeast Asia (7% market share in the region and this region represents 20% of Mitsubishi Motors global sales.)
- Mitsubishi Motors bestselling vehicle is the RVR (ASX/Outlander Sports) with 178,9K units sold mainly in China, USA and Australia in FY 2015.
- Mitsubishi Triton/L200 pickup truck is popular worldwide with 4,4 million units cumulative sales. It is sold in approximately 150 countries.