Five Years On, Renault and Nissan Reinforce Their Common Ambition
Tokyo, Japan, Mar. 29, 2004 - (JCN Newswire) - On the strength of the numerous synergies generated by the Alliance over the past five years and the performance of both companies, Renault and Nissan assert their ambitions for the future. For the 5th anniversary of the Alliance, a document entitled "Vision - Destination" is being circulated to all Renault and Nissan employees. In it, the two companies state the ambitions of the Alliance and reaffirm their shared values and principles. Renault-Nissan Alliance Vision - Destination The Renault-Nissan Alliance is a unique group of two global companies linked by cross-shareholdings. - They are united for performance through a coherent strategy, common goals and principles, results-driven synergies, shared best practices. - They respect and reinforce their respective identities and brands. Principles of the Alliance The Alliance is based on trust and mutual respect. Its organization is transparent. It ensures: - Clear decision making for speed, accountability and a high level of performance. - Maximum efficiency by combining the strengths of both companies and developing synergies through common organizations, cross-company teams, shared platforms and components. The Alliance attracts and retains the best talents, provides good working conditions and challenging opportunities: it grows people to have a global and entrepreneurial mindset. The Alliance generates attractive returns for the shareholders of each company and implements the best-established standards of corporate governance. The Alliance contributes to global sustainable development. Objectives of the Alliance The Alliance develops and implements a strategy of profitable growth and sets itself the following three objectives: 1. To be recognized by customers as being among the best three automotive groups in the quality and value of its products and services in each region and market segment. 2. To be among the best three automotive groups in key technologies, each partner being a leader in specific domains of excellence. 3. To consistently generate a total operating profit among the top three automotive groups in the world, by maintaining a high operating profit margin and pursuing growth. About Nissan Motor Co., Ltd. Nissan Motor Co., Ltd. was established in 1933 to manufacture and market the Datsun, a small passenger car, and related automotive components. The company is Japan's second largest automobile manufacturer and the world's fifth, with annual global sales of 2,415,433 vehicles. The company markets a wide range of passenger cars, commercial vans, trucks and buses, parts and components in over one hundred and seventy countries. The company has also expanded its operations to include forklifts, textile machinery and other industrial machinery and equipment. Nissan's affiliation with French automaker Renault in 1999 has helped produce Nissan's best results in a decade. The company has three hundred and forty two consolidated subsidiaries worldwide. Consolidated sales in FY 2000 exceeded $49 billion dollars (Euro 55 billion.)For further information, please visit the Nissan Motor Co., Ltd. home page at: www.nissan.co.jp/EN/ <http://www.nissan.co.jp/EN/> About RENAULT Regie Nationale des Usines Renault Societe Anonyme(RENAULT) (PAR: RNO). The Group's principal activities are organised into three divisions: AUTOMOBILES: the design, manufacture and marketing of passenger cars and light commercial vehicles, as well as agricultural machinery and related activities; COMMERCIAL VEHICLES: the same activities for commercial vehicles - lorries, coaches, buses, military vehicles and special-purpose vehicles; FINANCE: a complemetary division with financial and commercial businesses, bringing together the subsidiaries responsible for sales financing and services, and also managing the Group's cash funds. Manufacture of automobiles accounted for 78% of 2000 revenues; commercial vehicles, 18% and finance 4%.For further information, please visit the RENAULT home page at: www.renault.com <http://www.renault.com>