The Renault-Nissan Alliance is launching convergence projects in four key functions to enhance performance and achieve at least a EUR 4.3 billion annualized synergy goal by 2016. The Alliance announced that it will study increased convergence in Research & Development, Manufacturing & Logistics, Purchasing, and Human Resources to be jointly managed by Renault and Nissan. Four operations are launching convergence projects, including: Purchasing: Renault and Nissan have had a significantly combined purchasing organization for more than a decade.

The additional convergence projects in R&D and Manufacturing will be designed to drive more synergies and deliver more economies of scale for the companies and their suppliers globally - including France, Japan and key growth markets. Christian Vandenhende, Managing Director of Renault-Nissan Purchasing Organization, will be the Purchasing convergence project leader. R&D: Renault and Nissan will study how to allocate research on next-generation technologies to spread resources further.

The R&D study will also focus on the acceleration of common platforms, define and deploy a common powertrain strategy, and optimize test facilities globally. Tsuyoshi Yamaguchi, Director of Common Platforms and Parts for the Renault-Nissan Alliance, will be the R&D convergence project leader. Manufacturing & Logistics: Projects will focus on how to improve plant performance through more rigorous benchmarking.

The teams will also review how to optimize capital expenditures through standardization, better capacity utilization and logistics efficiency. Shouhei Kimura, Corporate Vice President for Vehicle Production Engineering at Nissan, will be the Manufacturing & Logistics convergence project leader. Human Resources: Renault and Nissan teams will study the development of common HR processes throughout the Alliance.

The companies will launch a project to create a unified "talent management" policy from the home countries and across global operations. Marie-Francoise Damesin, Executive Vice President for Human Resources at Renault, will be the HR convergence project leader.