| PARIS, July 2
PARIS, July 2 Renault and Nissan
increased savings from their carmaking alliance by 6.7
percent last year, the companies said on Wednesday, as the first
cars built on jointly developed vehicle architectures rolled off
Alliance savings rose to 2.87 billion euros ($3.91 billion)
in 2013 from 2.69 billion a year earlier, the alliance said in a
statement. Alliance Executive Vice President Christian Mardrus
said it was targeting 3.5 billion of savings this year.
Savings from their 15-year-old partnership are "expected to
accelerate", the companies said, as Chief Executive Carlos Ghosn
combines more operations in areas such as manufacturing,
development, purchasing and human resources.
In January, Renault and its 43.4 percent-owned Japanese
affiliate lifted their medium-term savings goal to 4.3 billion
euros in 2016.
Squeezed by the rising costs of emissions regulations at
home and tougher competition in emerging markets, where demand
is slowing, carmakers are scrambling for economies of scale
through mergers, alliances and ad-hoc production deals.
Renault-Nissan trails behind rivals such as Volkswagen
and Toyota on platform scale - the number
of vehicles assembled from a common architecture.
Production began at Nissan last year from the alliance's
first jointly developed mid-size car platform, CMF. Renault is
due to launch its first CMF-based vehicle next year, a
replacement for the ageing Espace minivan.
($1 = 0.7331 Euros)
(Editing by James Regan)