Renault , Nissan Motor Co and Mitsubishi Motors Corp said on Wednesday they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive.
) said on Wednesday they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive.
The auto makers are aiming to make savings by sharing out their production more systematically in a so-called leader-follower system, with one company leading for a particular type of vehicle and geography and the others following. Nissan will take the lead in Japan, China and North America Renault will be the reference for Europe, Russia, South America and North Africa while Mitsubishi will lead in Southeast Asia and Oceania, the companies said,Executives for the carmakers said they would be more focused on producing models efficiently than on volumes while the range of vehicles produced is expected to shrink by 20% by 2025.
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