Renault-Nissan-Mitsubishi wants to sell 40% more cars by 2022

Renault-Nissan-Mitsubishi wants to sell 40% more cars by 2022

Renault-Nissan-Mitsubishi wants to sell 40% more cars by 2022

"The alliance has grown and performed with two members since 1999; with "Alliance 2022" we will prove that we will grow and perform with three companies or more".

Mr. Ghosn, heading the alliance of Nissan Motor Co., Renault SA and Mitsubishi Motors Corp., on Friday is rolling out a new goal of selling 14 million vehicles annually by 2022.

The announcement comes as part of the alliance's plan to fully embrace the move towards a fully electric future for the automotive industry.

They operate as three separate, cooperating companies with a layer of common management, headed by Carlos Ghosn.

Let us know your thoughts in the comments section below. Britain and France have chose to ban new diesel and gasoline vehicle sales from 2040 and China is considering a similar move.

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At the Frankfurt auto show this week, several vehicle manufacturers vaunted electric and other low-emissions technology strategies. (SOUNDBITE) (English) CHIEF ECONOMIC ADVISER, CEBR, VICKY PRYCE, SAYING: "It seems to have worked very well and we've seen actually the investments taking place, the efficiency drive that has happened already and all this new models, the emphasis on electric cars for example". The alliance also expects a 15 minute charging time will deliver a range of 230 km (142 miles) by 2022.

Renault and Nissan have been pioneers in electrification with the Zoe and Leaf, but competitors are gathering in every segment, from upstarts like Tesla to deep-pocketed German brands such as Mercedes and the Volkswagen Group. Nevertheless, it is clear Ghosn sees the alliance becoming a major player in the self-driving auto space.

The group's plan also includes introducing 40 vehicles with varying levels of autonomy.

It aimed to become "a key operator of robo-vehicle ride-hailing mobility services" in which a fully autonomous auto could be ordered on demand. It did not provide specific targets or potential partners.

Recently joined by Mitsubishi, alliance franco-japanese company also wants to double its " synergies", that is to say, savings arising from sharing of common functions between companies, 10 billion euros in six years, said Mr. Ghosn, during a press conference in Paris. He didn't elaborate on where potential job cuts might hit.

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