JAPAN: Renault and Nissan confirm joint worldwide purchasing
Following speculation over the weekend, Renault and Nissan this morning confirmed that they intend to set up a joint purchasing organisation "to achieve the synergy objectives of the Alliance". The companies say the joint purchasing organisation, to be established on April 1, will provide additional savings of up to five percent on common projects, starting with the C-platform on which the next generation Renault Megane and new Nissan models will be built from 2002.
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