When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world's biggest automaker by 2022.
) announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.
Profits are plunging at all three automakers and thousands of jobs will be at risk as Renault and Nissan announce separate restructuring plans later this week. Years of bickering over cost sharing and capital structures have meant the Alliance has so far largely failed to convert its global scale into a competitive advantage beyond the joint procurement of parts.
Another big question will be the place of German automaker Daimler AG in the Alliance. Daimler joined the Franco-Japanese partnership in 2010, promising cost savings for future vans, small engines and pick-up trucks. But common projects have since become few and far between.
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