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Renault-Nissan alliance saved EUR2.69 billion in 2012

Partners Renault and Nissan Motor Co. saved a total of EUR2.69 billion ($3.5 billion) in 2012 as a result of their continuing alliance on purchasing, manufacturing and design, the carmakers disclosed in a joint statement. The amount saved in 2012 is around 54-percent higher than the savings in 2011, which was pegged at EUR1.75 billion.

Renault and Nissan have been sales and manufacturing partners since 1999. Christian Mardrus, managing director for logistics for the Renault-Nissan alliance, said in the statement that synergies and greater economies of scale allow the French and Japanese companies to compete in "an elite tier of the world's top automakers."

He said that the partners expect to generate "even more synergies going forward," particularly in emerging markets like Brazil, Russia, India and China. Global carmakers are under pressure to reduce their costs as they penetrate emerging markets to trim their dependence on local markets with slower growth.

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