Mitsubishi Motors (7211) · TargetAdvanced
Generating synergies of ¥100 billion or more through alliances
First written in FY2018-Q2. 1 of 2 entries say "Advanced", first in FY2018. Latest entry: FY2018.
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Creating purchasing and research and development synergies through the Nissan–Renault allianceA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2018AdvancedAnnual report
「In June 2017, our company and Nissan Motor established Nissan-Mitsubishi B.V. in the Netherlands, a 50-50 joint venture tasked with exploring, promoting, coordinating and encouraging synergies between the two companies. In April 2018, we integrated part of our purchasing function with the purchasing functions of the Renault-Nissan alliance.」
Regarding the alliance's target of more than ¥100 billion in synergies, the 50-50 joint venture NMBV, responsible for generating the synergies, was established, and part of the purchasing functions was integrated. - FY2018-Q2First statedAnnual report
「While managing costs, we will, as an alliance member, generate more than ¥100 billion in benefits during the plan period through synergies including joint purchasing and cost reductions in research and development.」
Regarding alliance cooperation with Nissan and Renault, the company has, for the first time, quantified a target of generating more than ¥100 billion in benefits during the medium-term plan period through joint purchasing and cost reductions in research and development.