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Renault-Nissan Come Even Closer as They Double Down Bet on Battery Power

Alliance targets annual sales of 14 mil vehicles, revenues of $240 bil.

by on Sep.15, 2017

Renault-Nissan CEO Carlos Ghosn said the Alliance expects to sell 14 million vehicles annually by 2022.

Renault and Nissan plan to double their savings by drawing even closer as part of what often is held up as the world’s most successful automotive alliance.

Together, the Renault-Nissan Alliance, which also includes Japan’s Mitsubishi Motors, has sold more vehicles than any other company in the world so far this year, leap-frogging competitors Volkswagen and Toyota. Now, as part of the new Alliance 2022 strategy, the goal is to boost global sales nearly 40%, to 14 million a year by 2022, Renault-Nissan Alliance CEO Carlos Ghosn said Friday. The partners also announced their goal of having electrified vehicles represent 30% of its global total.

Global Auto News!

“This plan will boost the growth and profitability of our member companies,” said Ghosn. “We intend to deliver on growing synergies, with three autonomous companies cooperating with the efficiency of one. The Alliance has grown and performed with two members since 1999. With Alliance 2022, we will prove that we will grow and perform with three companies or more.” (more…)