Mathieu Rosemain Bloomberg News Comments Renault SA and Japanese partner Nissan Motor Co. said annual cost savings from their 14-year-old alliance jumped 54 percent to a record in 2012 as the carmakers increasingly used common parts. Cooperating on purchasing, manufacturing and design resulted in new cost reductions of 2.69 billion euros ($3.5 billion) last year versus 1.75 billion euros in 2011, the companies said today in a joint statement. Global carmakers are under increasing pressure to keep costs down as they push into developing economies such as China to reduce reliance on domestic markets with slower growth. Renault, based in the Paris suburb of Boulogne-Billancourt, and...
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