Renault-Nissan-Mitsubishi wants to sell 40% more cars by 2022

Carlos Ghosn

To achieve this target, on one side Renault, Nissan and Mitsubishi Motors will accelerate collaboration on common platforms, powertrains and next-generation electric, autonomous and connected technologies.

"From the other side, synergies will be enhanced by our growing scale".

Presenting the alliance's new strategic plan to 2022, chairman Carlos Ghosn said Renault-Nissan is targeting vehicle sales of 14 million units by that year, a rise of almost 40 percent from current levels.

The alliance's expanded size will also likely be an asset as it struggles with the implications of costly technologies like electric vehicles and autonomous driving that have yet to deliver significant revenue.

Franco Japanese auto alliance Renault Nissan Mitsubishi on Friday announced an ambitious six-year plan under which it aims to double annual benefit from synergies to 10 billion euros by 2022.

Alliance vehicles will share 22 engines out of 31, or 75 percent, compared to 14 shared engines among 38 a year ago. Renault, Nissan and Mitsubishi have sold almost 10 million vehicles in 2016, and Mr. Ghosn has estimated that se sales would be approximately 10.5 million units this year. Those include a doubling of synergies to 10 billion euros from 5 billion euros, and total revenues of $240 billion from $180 billion in 2016.

Niall Horan to headline at Hollywood Casino Amphitheatre in 2018
His passion really shines through when he's performing these songs, and we can't wait to hear him perform " Too Much To Ask ". Worst night of my life. "We've refused to talk about it ever since". "Anything we rehearsed just went out the window".

The Renault Zoe, a hatchback one size smaller launched in 2012 by its French alliance partner, is the best-selling electric auto in Europe-though its uses largely separate underpinnings than the Leaf. Becoming an operator of robo-vehicle ride-hailing services is a major part of the new mobility services strategy.

Alongside the three technology building blocks, the member companies will extend their use of shared common platforms and powertrains. This compares with last year's two common platforms that were used for 2 million cars.

On the topic of electric vehicles, a new family of electric motors and batteries will be introduced in 2020.

By 2022, the member companies will significantly increase their product range to cover all main segments in their key markets of Japan, the USA, China and Europe. They will utilize common platforms and components across all three Alliance brands.

He felt, without wanting to commit to firm targets, that "more than 20 % of sales of alliance ser [iea] nt electrified" by 2022, thus including electric, but also hybrid (fuel / electricity).

Nissan said its EVs would boast more than 600km of range by 2022, based on NEDC homologation methodology.

Related news:

Hot News

isis-killer-beheading-video-story-top Jose back to hurricane strength: North Carolina will feel some impacts
Sep 16, 2017 - 01:00
The official forecast track from the hurricane center puts Jose as a strong tropical storm Wednesday 225 miles southeast of NY . Americans living along the US East between North Carolina and New England have been told to "monitor the progress" of Jose.

isis-killer-beheading-video-story-top Kangana Ranaut never approached the Maharashtra Women Commission: Chairperson Vijaya Rahatkar
Sep 16, 2017 - 01:00
The actress who is Akshay Kumar 's wife got into legal trouble during Lakme Fashion Week when she unbuttoned her husband's jeans. Well, that is what the actor says about his clash this week - his film Lucknow Central with the Kangana Ranaut starrer Simran .

isis-killer-beheading-video-story-top CNN anchor ends segment early over commentator's freakish 'boobs' remark
Sep 16, 2017 - 00:57
You believe in the First Amendment and b-o-o-b-s? But nope, Travis confirmed that he said boobs . Otherwise, neither the First Amendment nor boobs are relevant here.

isis-killer-beheading-video-story-top State Dept. Extends Partial Iran Sanctions Relief, Adds New Penalties
Sep 16, 2017 - 00:56
Last month, the USA ambassador to the UN, Nikki Haley, traveled to Vienna to press for inspection of Iran's military sites. Policy hawks welcomed the US Treasury's announcement of new sanctions on non-nuclear issues.

isis-killer-beheading-video-story-top Heather Locklear Hospitalised After Car Crash
Sep 16, 2017 - 00:55
Just hours earlier, Locklear's 19-year-old daughter, Ava Sambora , asked her Twitter followers to pray for her mother. Marshall told the magazine Locklear was "under the influence of prescription medication" at the time of the incident.

isis-killer-beheading-video-story-top Adam Silver Is Looking At Proposal To Reduce Players Resting
Sep 16, 2017 - 00:54
The NBA board of governors will vote on a proposal to significantly reform the draft lottery process, ESPN's Adrian Wojnarowski reports.

isis-killer-beheading-video-story-top Pakistan firing kills BSF trooper in J&K
Sep 16, 2017 - 00:48
It is learnt that Singh, a native of Balia district in Uttar Pradesh, was posted at the Chenaz border outpost. There have been continuous ceasefire violations by the Pakistani troops for the past three days.

isis-killer-beheading-video-story-top Jamie Lee Curtis has confirmed she's coming back to Halloween
Sep 16, 2017 - 00:44
The new Halloween will be written by Danny McBride and David Gordon Green , with the latter slated to direct. Is this over-kill, or does Jamie Lee Curtis and John Carpenter being involved give you hope?

isis-killer-beheading-video-story-top Liverpool boss Klopp explains why he was not surprised with Mane decision
Sep 15, 2017 - 04:10
I actually never thought it would happen but only because I am used to things like this - it is not an English thing. The German manager added: "All the other players were lucky only Sadio was not lucky ". "It was our duty to appeal".

isis-killer-beheading-video-story-top Angelina Jolie hints new movie caused her split from Brad Pitt
Sep 15, 2017 - 04:05
We've all been a bit in lockdown. 'They are going through their formative years and everything else comes second to that'. In what seems like a swipe at her ex, Angelina then says: "They're the best friends I've ever had".

Leaked Renders Reveal the Low-End Nokia 2 Smartphone
Sep 15, 2017 - 03:28
The Nokia 8 is the company's much awaited flagship device, which comes with a unique Bothie camera feature as its highlight. For connectivity, there are options like 4G, Wi-Fi 802.11 a/b/g/n, GPS, Bluetooth 5.0, NFC, and a microUSB Type-C port.

isis-killer-beheading-video-story-top Green Day's Billie Joe Armstrong pays tribute to Husker Du's Grant Hart
Sep 15, 2017 - 03:22
Following the band's demise in the late '80s, Hart went on to have a solo career as well as playing in Nova Mob . Armstrong explains that when Green Day first started, Husker Du was his favorite band.

isis-killer-beheading-video-story-top Three women who worked at Google just sued the company, claiming discrimination
Sep 15, 2017 - 03:21
In April, a Labor Department investigation of the tech firm found evidence of "systemic compensation disparities". On the teams Ms Ellis worked with and observed at Google, nearly all backend software engineers were men.

isis-killer-beheading-video-story-top Hodgson at the Palace
Sep 15, 2017 - 03:21
Crystal Palace did not wait around to swing the axe at Frank de Boer before giving Roy Hodgson a Premier League lifeline at Selhurst Park.

isis-killer-beheading-video-story-top Where and How to Watch Pakistan vs World XI 2nd T20I
Sep 15, 2017 - 03:15
Pakistan had registered a 20-run win in Tuesday's first match, which marked the return of global cricket to Pakistan . He scored 20 runs off 14 balls with two sixes under his belt.