The French carmaker will likely sign its partnership agreement with AvtoVaz in the next few weeks and will then become the third largest car group in the world.
The alliance initiated by Renault will include Nissan , Dacia, Samsung and AvtoVaz and will build 7 million vehicles per year, overtaking Ford and sitting behind GM and Toyota.
Carlos Ghosn said: “The bigger you are, the more you can invest and the more you can utilise in terms of common vehicle platforms, engines and transmissions, as well as production facilities and purchasing power, all of which makes you more efficient.”
Renault’s strategy to take a share in other car makers instead of buying the whole business has proved successful in the last ten years. The French car maker grew from a vulnerable position to one of the biggest car maker in the world.
Source: Just Auto (registration required)
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