The program was unveiled in a joint press conference from
The objective of this medium-term plan is to seek synergies to overcome the severe crisis in the sector in the face of falling vehicle demand due to the impact of the coronavirus pandemic.
Senard, accompanied by other
The program seeks to share production and after-sales platforms with a leader-follower scheme in terms of models to improve the efficiency and competitiveness of products and technology, principles that will prevail over production volumes.
This framework will allow savings of up to 40 percent in investments in models with this convergence scheme, and will mean that all three firms will have free access to individually developed technology.
The Alliance endorsed the principle of naming different parts of the world as "reference regions," with each company focusing on its core regions for greater competitiveness.
Moreover, an example was put forth, that of
It is expected that, in the case of
According to Senard, the convergence model has been shaping up during discussions over the past seven weeks to deal with "an unprecedented crisis" in the automotive sector.
As it is a medium-term program there will be no immediate impact, according to Senard, as the situation would not change in a few months, and that the bigger savings measures would be noticeable in 2022.
Senard, responding to a question about whether it was possible for the alliance to extend to other firms in the future, said their alliance was strong and only getting stronger, adding that there would be "some news" in the coming weeks.
The alliance between
Ghosn fell out of favor following his arrest in
Replacing Ghosn at the helm of the three firms caused difficulties in the alliance because, according to
However, over time misgivings and challenges appear to have been overcome, and the coronavirus pandemic has forced the three firms to seek mutual synergies from an alliance that seemed to have entered its own crisis.
Mitsubishi head
Senard took the opportunity to insist that there are no plans for a merger between
He said there was no need for a merger in order to be efficient, and share their capabilities and get the best out of the alliance, and that in the coming years, they would be even more efficient and create new models. EFE
© 2020 EFE News Services (U.S.) Inc., source