PARIS/TOKYO (Bloomberg) -- Renault SA and Nissan Motor Co. will announce new managers for their alliance to increase cooperation between the two, a person familiar with the matter said.
The automakers will appoint two executives, one with responsibility for engineering and the other for manufacturing, said the person, who asked not to be identified discussing the plans because they have not yet been announced.
The managers will coordinate between the teams at the carmakers responsible for the two areas and report to Renault Chief Competitive Officer Thierry Bollore and his Nissan counterpart Hiroto Saikawa, the person said.
The moves are part of an already announced plan to boost alliance savings to 4 billion euros ($5.5 billion) annually in 2016, the person said. Renault-Nissan saved 2.69 billion euros in 2012. The automakers hold cross-shareholdings in one another as an anchor of the partnership, which began in 1999.
Noriko Yoneyama, a Nissan spokeswoman, and Bruno Moreau, a Renault spokesman, declined to comment. French newspaper Les Echos reported the management plans earlier today.