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Renault SA and Nissan Motor Co Ltd to create joint structure for production and development-Nikkei

Thursday, 23 Jan 2014 07:00pm EST 

Renault SA and Nissan Motor Co Ltd:Decide to combine their factories and create a joint management structure for their production and development activities-Nikkei.The companies aim to make annual savings of 400 billion yen (2.8 billion euros).The new method of production will be adopted from 2015 in a joint factory in India, and will be implemented in more than 10 countries by 2020.