Renault-Nissan Alliance Forms Light Commercial Vehicle Business Unit

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• Move expected to expand light commercial vehicle market leadership under a single business unit and boost sales by unleashing the full potential of Renault's van expertise and Nissan's truck know-how in key markets.
  
• Alliance partners to create more synergies by having one business unit, while ensuring brand differentiation, maximizing cross-development and cross-manufacturing, technology sharing and cost reduction.

The Renault-Nissan Alliance is creating a light commercial vehicle business unit to expand its global presence in this growing segment.

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By unleashing the full potential of Renault's van expertise and Nissan's truck know-how in key markets, the Alliance intends to grow its light commercial vehicle sales worldwide. In the spirit of the Alliance, partners will leverage complementary markets and products while maintaining their own brand identity, sales and revenue.

"The combination of Renault, Nissan and the early collaboration with Mitsubishi Motors in a single Alliance LCV Business Unit will boost sales and deliver greater synergies," Alliance Chairman and CEO Carlos Ghosn said. "With this move, we plan to expand our market leadership by accelerating our performance in current and new, high-growth markets, based on each company's core products and market knowledge, and driven by customer needs."

The Renault-Nissan LCV Business Unit will be led by Ashwani Gupta as Alliance senior vice president. He will report to Carlos Ghosn.

The Unit will continue to maximize cross-development and cross-manufacturing and is expected to deliver further synergies in costs and technology. Renault and Nissan have established cross-production of vans and trucks over the last several years; for example, the Nissan NV300 van is built on the Renault Trafic platform; the Nissan NV400 van is built on the Renault Master platform; and the Renault Alaskan pickup is built on the Nissan Navara platform. The new Renault-Nissan LCV Business Unit will also handle Nissan's body-on-frame SUVs, including the Nissan Armada and Nissan Patrol.

For the entire Press release please click here:

http://www.media.blog.alliance-renault-nissan.com/news/6575

SOURCE Renault-Nissan Alliance