Ten years into their partnership, Renault and Nissan are taking cooperation to a higher level, with identified synergies contributing €1.5 billion in cash flow to the ‘Alliance’ partners.

A small, dedicated team has been set up to foster deeper, broader cooperation and to maximize the contribution of synergies to the performance of both partners.

“We have assigned a group of experts to focus on building greater synergies to get us through the crisis and position us competitively for the future,” explained Carlos Ghosn, chairman and CEO of the Renault-Nissan Alliance.

Since 1999, Renault and Nissan achievements have included: shared platforms and powertrains; cooperation on advanced technologies; standardization of manufacturing methods; the expansion of the product line-ups; and the extension of the global footprint of each partner.

Combined vehicle sales have increased from 4.9 million units in 1999 to 6.9 million in 2008 (including AvtoVAZ), making the Renault-Nissan Alliance the world’s third largest automotive group.