Breaking News, World News and Taiwan News.

Nissan, Renault to boost ties in US$3.8 bil. savings bid: report

TOKYO--Nissan and France's Renault are planning to boost their alliance by bringing together production as well as research and development in a bid to save about US$3.8 billion annually, a report said Friday.

Despite their close links — Renault is the Japanese automaker's biggest shareholder and they are both chaired by Carlos Ghosn — the pair have operated largely independently of each other, except on parts procurement and engine development.

The plan, reported by Japan's leading Nikkei business daily, would see the appointment in April of two directors charged with bringing the businesses closer together in a bid to slash about 400 billion yen (US$3.86 billion) in annual costs.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search