In an effort to further reduce costs, Nissan says it will expand its relationship with parent Renault. Nissan currently shares eight engines with Renault but says it will up that number in an effort to boost savings for both automakers. Nissan and Renault CEO Carlos Ghosn made the announcement earlier this week.
By expanding their engine sharing programs the two automakers expect to double annual earnings from 500 million euros to 1 billion euros, according to Reuters. It remains unclear which engines are earmarked for the new initiative and if it will result in a diesel-powered Nissan for the U.S. market.
Nissan and Renault also plan to halt platform development to further cut costs. Both automakers will work to improve their existing vehicle platforms.
Ghosn also revealed he won’t be leaving his post at Nissan anytime soon. The Brazilian-born executive said when he took the job at Nissan in 1999 he would only remain on as CEO for 10 years, but has since changed his tune. “If you leave now, you wouldn’t be leaving — you would be deserting,” Ghosn said. Nissan reported its first Ghosn-led loss earlier this month.
