Renault said it would end its common purchasing agreements with Alliance partners Nissan and Mitsubishi by the end of 2023.
The companies agreed a restructured alliance in July, following 10 months of negotiations.
Go deeper with GlobalData
Renault said the alliance would now move from a standardised global model towards “project driven cooperation to enable quick and agile decisions”.
This new model would use each company’s geographical strengths, technical resources and market expertise to support respective strategic plans.
The carmaker said the new structure would help in adapting to the “new trend of the automotive industry”, including more regionalised markets due to regulation differences and electrification and connectivity needs.
The purchasing function would be turned into distinct organisations focused on a project by project approach.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
