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"The
auto industry is rapidly evolving, requiring Renault and Nissan
to leverage the alliance as a pragmatic business tool,"
Renault-Nissan CEO and Chairman Carlos Ghosn said in a
statement.
"The road ahead is one of more convergence, working more closely
together," he said.
Increased convergence between the French carmaker and its 43.4
percent-owned Japanese partner generated more than 4 billion
euros in synergies in 2015. The two companies expect to start
implementing the cost-saving plan on April 1.
Since its 1999 rescue by Renault, Nissan has outgrown its French
parent and now leads the way in engineering and other key areas,
within an alliance now ranked as the world's fourth-largest
carmaker by combined sales.
The alliance drew a line under an eight-month power struggle
with the French government in December, with a compromise deal
balancing increased state influence at Renault with weakened
control over its Japanese affiliate.
($1 = 0.9107 euros)
(Reporting by Michel Rose and Gilles Guillaume; Editing by
Andrew Callus and Adrian Croft)
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