Renault-Nissan-Mitsubishi alliance to end joint procurement|Arab News Japan

0

TOKYO: French automaker Renault SA has said that its alliance with Japan’s Nissan Motor Co. and Mitsubishi Motors Corp. will terminate the joint procurement program among the three.

The announcement followed an agreement reached in July between Renault and Nissan to review their capital ties.

In a statement released Wednesday, Nissan said that under the new cooperation framework, the alliance will shift from the existing efforts centering on its global strategies to project-by-project collaboration in which each alliance member will use its capabilities to provide more competitive products and services.

In July, Renault and Nissan signed a definitive deal to reduce Renault’s stake in Nissan from 43 percent to 15 percent, the same as Nissan’s stake in Renault. The two aim to complete the necessary procedures by year-end.

So far, the three automakers have worked to cut costs by procuring auto parts and other items through a joint purchasing organization. The joint procurement has been a key benefit of their alliance.

The alliance hopes to use the capital relations review as an opportunity to speed up decision-making in procurement by allowing its members to make purchases more flexibly in line with their own strategies.

JIJI Press

Source link

Denial of responsibility! YoursTelecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@yourstelecast.com. The content will be deleted within 24 hours.
Leave A Reply

Your email address will not be published.

xnxx army brownporntube.info prabhas hero قصص نيك لواط keep-porn.com احسن فيلم سكس indian porb indiansfucking.com meri mast chut indian desi sex vidio verpornos.org who is the sexiest actress in bollywood savita porn 3porn.info 3ratsex سكس غشاء بكاره thepornoexperience.com افلام ممنوعه نهائيا manipur sex videos kinkygonzo.mobi romance sex vedios sexemalayalam wapoz.me www indiangirlsex chennai girls for friendship pornohata.com xxx com hende eroticage.com pinkpix.net xxx..sex bf bhejna waplo.info real ref video m.chaturbate fuckswille.com south sex بوس بنات ساخن frenvis.com نيك امهات مصري sumabak in english pinoywebtv.com mmk nov 24 wwwsaxi pornfure.mobi pune shemale