Renault-Nissan Alliance Posts Record 2.9B euros Synergies in 2013 Ahead of Launch of First Common Module Family Vehicles

PARIS and YOKOHAMA, Japan, July 2, 2014 /PRNewswire/ --

• Purchasing, powertrain and vehicle engineering areas remain the biggest contributors to synergies
• "Non-traditional" business functions, such as sales and marketing, increase contributions
• Moving forward, synergies are expected to accelerate with "convergence" in four key business functions

The Renault-Nissan Alliance posted record synergies of 2.87 billion euros in 2013, up from 2.69 billion euros in the previous year. Purchasing, powertrain and vehicle engineering remained the biggest contributors as the Alliance geared up for the launch of its first Common Module Family (CMF) vehicles.

(Logo: http://photos.prnewswire.com/prnh/20140130/666713-a )

Purchasing, which is jointly managed by Renault-Nissan Purchasing Organization (RNPO), generated 1.036 billion euros in synergies. Vehicle engineering, which relates to common platforms and components, accounted for 714 million euros. The co-development and exchange of powertrains accounted for 525 million euros.

Synergies are derived from cost reductions, cost avoidance and revenue increases. Only new synergies - not cumulative synergies - are taken into account each year. Synergies help both Renault and Nissan meet performance objectives and, significantly, enable the carmakers to deliver higher value vehicles to customers around the world.

(To learn more about 2013 synergies, watch this video: http://www.media.blog.alliance-renault-nissan.com/news/5165).

Contact:

Mia Nielsen
Renault-Nissan Alliance
+33(0)6-10-83-31-33
mia.nielsen@renault.com