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Renault, Nissan and Mitsubishi announce six-year business plan

The Renault, Nissan and Mitsubishi alliance has announced a six-year plan known as Alliance 2022, which will see the three sister manufacturers attempt to double their annual turnover to €10 billion.

The move includes launching 12 battery-electric models, each of which will share electric vehicle platforms and components.

The Alliance also plans to have four common platforms, which it says will be shared by more than nine million vehicles. Shared or common engines will also increase from their current level of one third across the group, to three quarters of all models sold.

The company will also launch 40 vehicles with autonomous drive technology and announced its intentions to “become an operator of robo-vehicle ride-hailing services,” which will presumably see it take on or work with companies such as Uber.

The organisation also revealed a new logo for the group (pictured), which Renault Nissan Mitsubishi Alliance 2017 logovisually incorporates Mitsubishi into the Alliance.

“Today marks a new milestone for our member companies. By the end of ourstrategic plan Alliance 2022, we aim to double our annual synergies to €10 billion,” said Carlos Ghosn (pictured), chairman and chief executive officer of the Alliance.

“To achieve this target, on one side Renault, Nissan and Mitsubishi Motors will accelerate collaboration on

Nissan_CEO_Carlos_Ghosn

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.”

“This plan will boost the growth and profitability of our member companies. We intend to deliver on growing synergies, with three autonomous companies cooperating with the efficiency of one.

“The Alliance has grown and performed with two members since 1999. With Alliance 2022, we will prove that we will grow and perform with three companies or more.”