Renault and Nissan announces implementation of convergence initiatives

The Renault-Nissan Alliance announced it will begin implementing convergence initiatives in four key operational areas starting April , with the goal of achieving at least EUR 4.3B in annualized synergies by 2016. Under the plan, these functions will be jointly managed by Renault and Nissan, with a newly appointed Alliance Executive Vice President leading each function, and a new management committee to oversee implementation.