Nissan-Renault-Mitsubishi alliance to reap $14 billion benefit

Big savings on target from Renault/Nissan and Mitsubishi marriage

renault nissan mitsubishi alliance

If you want to be successful in the car industry in 2017 you need to have the funds to sink into new technologies like autonomous driving capabilities and electric powertrains.

Now Renault-Nissan and, their recent purchase – Mitsubishi, say their tie-up will net them $14 billion worth of savings over the next five years and that means big investments in new platforms and technologies.

Related: Touchscreen and reverse camera for 2018 Mitsubishi Mirage?

Announcing what it calls ‘Alliance 2022’, the big news is that by 2022 almost all cars, utes and SUVs from the three manufacturers will share just four platforms.

There will also be shared electric vehicle technologies, twelve new electric vehicles, and cars with fully autonomous capability.

There will be 22 engines shared across the three car brand’s models (out of 31 engines in total).

So far, in Australia, the new alliance is believed to have contributed to management changes at all three car manufacturers, while a new parts and finance strategy was announced in June.

“Today marks a new milestone for our member companies,” says Carlos Ghosn, chairman and CEO of the Alliance.

“Renault, Nissan and Mitsubishi Motors will accelerate collaboration on common platforms, powertrains and next-generation electric, autonomous and connected technologies.

“Our total annual sales are forecast to exceed 14 million units, generating revenues expected at $240 billion(USD) by the end of the plan.”

A new logo was also announced for the new alliance (as seen above).

We will keep you updated with more model/manufacturer specific news/details as it comes to hand.

Related: New-generation Nissan LEAF revealed

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Are these types of tie-ups a good thing for consumers? Or is it sad that long-established car manufacturers are lsoing their identity, individuality?

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