TOKYO — Renault, Nissan and Mitsubishi said they would revive their struggling alliance by dividing markets and technologies in a bid to achieve a smaller, but more sustainable, global business that will reemerge as “the most powerful combination of companies in the world.”
Under the new strategy, which was unveiled on Wednesday, alliance executives said they will create further efficiencies by extending commonization of vehicle platforms to upper bodies. They will also select a “mother vehicle” that will serve a template for every other model in the segment.
Across the three automakers the plan will reduce the number of vehicle platforms in half to four commonized architectures in a move that will save 40 percent on product development.
About half of all alliance models will be developed and produced under this approach by 2025.
The plan was delivered at a joint online press conference from Tokyo and Paris by the leaders of the alliance — Alliance Operating Board Chairman…