Nissan-Renault Focuses on Cost Cutting
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Wednesday, September 23, 2009
Nissan has come a long way since its financial and sales troubles in the late 1990s. Part of the company’s resurgence was attributed to the addition of Carlos Ghosn as Nissan’s CEO. Unfortunately, times are again tough for Nissan, as they are with every automaker. Just recently Nissan announced its first loss since Ghosn took over in 1999. As a result, Nissan plans to save money by becoming even closer to Renault.
A closer relationship between Nissan and Renault could provide plenty of cost-effective options predicts Warwick Nissan dealers. The move could result in the sharing of additional engines and platforms, in addition to the halting of other new platforms that are currently under development at Nissan. According to Reuters, engine sharing alone between Nissan and Renault could produce additional earnings of up to $675 million, which Nissan dealers Alexandria says that not only could this make Nissan more financially sound, but it could also result in more reliable and unique models.
In other financial news, Nissan has been associated as a possible buyer for the Saturn brand. In addition, it is not yet known how these cost cutting initiatives will impact other infinitives underway at Nissan, including its electric vehicle development, which Framingham Nissan dealers hope will remain a high priority.
Nissan already has one new product in development that has been a joint venture with Renault. The car will be a low-cost subcompact that will be similar to that of the Nano from Tata Motors. Nissan will also be expanding its efforts in the Russian market. Aside from Renault, Used Car Dealers New Haven reminds us that Nissan has formed an alliance with ChryslerFind Article, however those efforts may become complicated due to bankruptcy restructuring.
A closer relationship between Nissan and Renault could provide plenty of cost-effective options predicts Warwick Nissan dealers. The move could result in the sharing of additional engines and platforms, in addition to the halting of other new platforms that are currently under development at Nissan. According to Reuters, engine sharing alone between Nissan and Renault could produce additional earnings of up to $675 million, which Nissan dealers Alexandria says that not only could this make Nissan more financially sound, but it could also result in more reliable and unique models.
In other financial news, Nissan has been associated as a possible buyer for the Saturn brand. In addition, it is not yet known how these cost cutting initiatives will impact other infinitives underway at Nissan, including its electric vehicle development, which Framingham Nissan dealers hope will remain a high priority.
Nissan already has one new product in development that has been a joint venture with Renault. The car will be a low-cost subcompact that will be similar to that of the Nano from Tata Motors. Nissan will also be expanding its efforts in the Russian market. Aside from Renault, Used Car Dealers New Haven reminds us that Nissan has formed an alliance with ChryslerFind Article, however those efforts may become complicated due to bankruptcy restructuring.
Labels: Nissan
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