Just In
- 12 min ago Suzuki V Strom 800 DE Launched In India At Rs 10.30 Lakh – The No-nonsense Adventure Motorcycle
- 1 hr ago Xiaomi SU7 Electric Sedan Variant Details – All You Need To Know
- 1 hr ago Luxury Vehicles Seized: Crackdown On Drunk Driving By Odisha Police
- 1 hr ago Maruti Suzuki India Reveals Leadership Changes For April 2024
Don't Miss!
- Technology TECNO POVA 6 Pro Launched in India: Check Price, Specs, Offers
- Education UGC NET June 2024: Application process to begin next week, Know more
- Sports IPL 2024: Who is Allah Ghazanfar? KKR's New Afghanistan Signing replacing Mujeeb Ur Rahman
- Finance Popular Govt Scheme That Doubles Your Investment On Maturity, Check New Interest Rate
- News Bihar: RJD, Congress, Left Leaders Announce Seat-Sharing Formula For Lok Sabha Elections 2024
- Movies Crew X Review: Fans Drool Over Bebo's Boldness, Tabu's Glamour And Kriti Sanon's Stunts
- Lifestyle Personality Traits Of April Born Babies: From Being Witty, To Charismatic And More, They Are Full Of Sheer Joy
- Travel Explore Tamil Nadu's Diverse Wedding Venues
Renault Nissan Delivers Annual Synergy Target One Year Ahead Of Schedule
The Renault-Nissan Alliance has successfully generated 4.3 billion Euros in synergies during 2015, which is one year ahead ahead of schedule and 13 percent more than the year 2014. The main contributors were purchasing, engineering, and manufacturing.
Renault and Nissan generate 'Synergies' by working together to reduce costs, avoid spending, and increase revenue, and only new synergies are taken into account every year. The synergies help Renault Nissan meet financial goals and deliver good vehicles to customers.
Renault-Nissan Alliance sells 10 cars globally and converged four key functions in 2014. The four key functions are:
- Engineering
- Manufacturing Engineering & Supply Chain Management
- Purchasing
- Human Resources
Commenting on the occasion, Carlos Ghosn, the CEO of Renault Nissan Alliance said, "Convergence in four of our key business functions has resulted in creating value by reducing costs, avoiding expenses and increasing revenues. Thanks to the convergence, the Alliance expects to generate at least €5.5 billion in synergies in 2018."