Renault-Nissan Alliance forms light commercial vehicle business unit

Ashwani Gupta Appointed Alliance Senior Vice President of the Renault-Nissan LCV Business Unit, effective April 1

• Move expected to expand light commercial vehicle market leadership under a single business unit and boost sales by unleashing the full potential of Renault's van expertise and Nissan's truck know-how in key markets.
• Alliance partners to create more synergies by having one business unit, while ensuring brand differentiation, maximizing cross-development and cross-manufacturing, technology sharing and cost reduction.

Dubai, United Arab Emirates: April 11, 2017 – The Renault-Nissan Alliance is creating a light commercial vehicle business unit to expand its global presence in this growing segment.

By unleashing the full potential of Renault's van expertise and Nissan's truck know-how in key markets, the Alliance intends to grow its light commercial vehicle sales worldwide. In the spirit of the Alliance, partners will leverage complementary markets and products while maintaining their own brand identity, sales and revenue.

"The combination of Renault, Nissan and the early collaboration with Mitsubishi Motors in a single Alliance LCV Business Unit will boost sales and deliver greater synergies," said Alliance Chairman and CEO Carlos Ghosn. "With this move, we plan to expand our market leadership by accelerating our performance in current and new, high-growth markets, based on each company's core products and market knowledge, and driven by customer needs."

The Renault-Nissan LCV Business Unit will be led by Ashwani Gupta as Alliance senior vice president. He will report to Carlos Ghosn.

The Unit will continue to maximize cross-development and cross-manufacturing and is expected to deliver further synergies in costs and technology. Renault and Nissan have established cross-production of vans and trucks over the last several years; for example, the Nissan NV300 van is built on the Renault Trafic platform; the Nissan NV400 van is built on the Renault Master platform; and the Renault Alaskan pickup is built on the Nissan Navara platform. The new Renault-Nissan LCV Business Unit will also handle Nissan's body-on-frame SUVs, including the Nissan Armada and Nissan Patrol.

Total LCV volume 2016

In 2016, Groupe Renault sold 443,931 LCVs globally, including Avtovaz. The top-selling models in 2016 were Kangoo with 118,200 units, Master with 91,900 units and Trafic with 81,600 units.

Nissan Motor Co. Ltd. sold 815,490 LCVs globally. The top-selling models in 2016 were NP300 Navara with 196,257 units, Frontier with 102,497 units and NV200 with 54,118 units.

Mitsubishi Motors Corp. sold 248,000 LCVs globally. The top-selling model in 2016 was Triton/L200 with 125,000 units.