|
|
|
|
|
TOKYO, Jan 31, 2020 - (JCN Newswire) - Renault-Nissan-Mitsubishi has outlined a new framework to further reinforce its business model and strengthen its management structure. All three companies reiterated that the Alliance is essential for strategic growth and enhance competitiveness for each company.
The new framework, ratified at a meeting of the Alliance Operating Board (AOB) in Yokohama, Japan, will enhance the ability of the Alliance member companies to capitalize on the individual company's strengths and complement their strategies.
The AOB also reaffirmed key programs outlined at the previous board meeting in November to support initiatives that will enable each member company to increase competitiveness and profitability amid the industry shift to new mobility services.
New framework to leverage member-company strengths
We are reinforcing the collaboration models to fully leverage the strengths within each company to enhance our leadership across regions, products, and new technologies.
As of today, the AOB has decided:
1. On regions, each of the three companies will be the reference company for a dedicated region: Nissan for China, Renault for Europe, Mitsubishi for southeast Asia.
2. The engineering will work on a leader/follower model, expanding this scheme to platforms, powertrains, and key technologies. Thus, one company will take the lead in the Alliance for the development of each key technology, which will then be spread among Alliance partners.
3. The AOB also decided to pool the three companies CAFE credit in Europe as early as 2020.
4. On LCV, Renault will develop and manufacture, in Sandouville plant, the Mitsubishi van based on Renault Trafic platform to be sold in the Oceania region.
5. Strategic Mid-term plans of the three companies will be disclosed simultaneously around May 2020, integrating the major consequences of the Alliance Operating Board decisions.
This new scheme will enhance the effectiveness and efficiency of Alliance projects, to further strengthen the use of resources and investments within the three companies.
Evolution of Alliance governance to ensure execution
The AOB, which consists one chairperson and the chairperson or chief executive officer of each member company, also agree to engage actively with the respective Board of Directors of Renault, Nissan and Mitsubishi Motors to strengthen its governance to operate effectively for the benefit of each member company. Such initiatives will maximize the collaboration within the Alliance, while preserving the identity and autonomy of each member company.
www.alliance-2022.com
www.media.renault.com
https://global.nissannews.com/en
www.mitsubishi-motors.com/en/newsrelease/
Topic: Press release summary
Source: Mitsubishi Motors
Sectors: Automotive
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
| Mitsubishi Motors Related News |
|
| Thursday, 8 May 2025, 11:25 JST |
| Mitsubishi Motors to Launch an All-New BEV Based on Nissan's Next-Generation LEAF in North America in the Second Half of 2026 |
|
| Thursday, 8 May 2025, 11:08 JST |
| Mitsubishi Motors and Foxtron Sign MOU for OEM Supply of EV |
|
| Friday, 11 April 2025, 15:03 JST |
| Mitsubishi Motors Begins Shipping Xforce HEV Model in Thailand |
|
| Monday, 7 April 2025, 15:56 JST |
| Xforce HEV Model Earns the Highest Rating of Five Stars in 2024 ASEAN NCAP |
|
| Tuesday, 1 April 2025, 14:59 JST |
| Mitsubishi Motors Launches Miland Virtual Car Lifestyle App Service |
|
| More news >> |
|
|
|
