Renault-Nissan Poised to Become Number Three

By Kevin Miller

02.17.2008

The Financial Times reported last week that Renault and Nissan are poised to become the world’s third-largest automaker, trailing Toyota and GM, when the finalizes its partnership deal with Autovaz of Russia. Carlos Ghosn stated “Renault, Nissan, and Autovaz will pass the seven million vehicle mark. We will become the third-largest global carmaker.” Ghosn also indicated that Renault’s due diligence process is going well and that a contract is expected to be signed within weeks.

Renault and Nissan, whose alliance began ten years ago, together sold 6.16 million cars in 2007, making them the world’s fifth-largest car maker behind GM and Toyota as well as Ford and Volkswagen. Autovaz, which is Russia’s largest automaker, has sufficient capacity to produce about a million vehicles annually. In 2007 Autovaz produced approximately 880,000 vehicles, selling about 700,000 of those domestically and exporting the remainder, mostly to former Soviet states.

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Author: Kevin Miller

As Autosavant’s resident Swedophile, Kevin has an acute affinity for Saabs, with a mild case of Volvo-itis as well. Aside from covering most Saab-related news for Autosavant, Kevin also reviews cars and covers industry news. His “Great Drive” series, with maps and directions included, is a reader favorite.

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6 Comments

  1. This sounds like creative accounting on Ghosn’s part, just to boost his ego. Renault and Nissan do not hold majority stakes in each other (I believe Renault owns about 44% of Nissan and Nissan owns 15% of Renault), and Renault (not Renault-Nissan) is ony buying 25% of AvtoVAZ.

    The same wa Toyota can’t count Subaru sales in its global totals,
    Renault-Nisssan should not be able to do something similar.

  2. You gotta wonder just how good a car can be produced in a joint Russian-French effort.

  3. I’m willing to let them count those since they do control that production. And same goes for GM and Toyota.

  4. The French site Le BlogAuto mentionned in an article then they’re already #3 with its stake in Autovaz

    Currently Ghosn said due to the current economic context then the expansion of the alliance isn’t on the priority according to these French articles http://www.easybourse.com/Website/article/5688-lLouverture-de-l-alliance-renault-nissan-dLactualite-.php, http://www.auto-moto.com/actualites/7503_Renault-Pas-de-nouvelle-alliance.htm

    but I guess once the economic context will be in favour for Renault, then Renault will play its next card who’s probably a ace or a joker. I don’t know if he still hugely interested to GM since “Captain Kirk” Kerkorian left GM board, I guess Chrysler might be under the eyes of Ghosn as well as VW

  5. “…eyes of Ghosn as well as VW”

    oups, I forgot to precise then Chrysler is also under the eyes of VW, sorry for the inconvience. For Renault or VW, grabbing Chrysler would consolidate their position

  6. If Renault/Nissan is number 3, then that means VW will have to pass Renault/Nissan, Toyota and GM to be No 1 in the world by 2018. Quite a tall order.

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