Alliance 2022 Plan Announcement
PARIS/TOKYO (Sept. 15, 2017) – Alliance 2022, a six-year plan announced today, has set a new target to double annual synergies to €10 billion by the end of the plan. Carlos Ghosn, chairman and chief executive officer of the Alliance, said: "Today marks a new milestone for our member companies. By the end of our strategic plan Alliance 2022, we aim to double our annual synergies to €10 billion. To achieve this target, on one side Renault, Nissan and Mitsubishi Motors will accelerate collaboration on common platforms, powertrains and next-generation electric, autonomous and connected technologies. From the other side, synergies will be enhanced by our growing scale. Our total annual sales are forecast to exceed 14 million units, generating revenues expected at $240 billion by the end of the plan."