Nissan Motor Co. said Wednesday its alliance with Renault SA and Mitsubishi Motors Corp. calculates an overall synergy effect of 5.7 billion euros ($6.7 billion) in fiscal 2017 due to cost savings and other benefits, and aims to reach over 10 billion euros by fiscal 2022.The figure for the past fiscal year to March 31 is up 14 percent from the previous year, and reflected for the first time the full-year inclusion of Mitsubishi Motors, which joined the Nissan-Renault group in October 2016.Nissan said the alliance benefited from sharing research and development costs, car components, plants …READ FULL ARTICLE
