The global auto industry is built on competition, but it also espouses collaboration. Manufacturers may prefer to do it alone, but managers know that it often takes two or more car companies to make some projects a reality. The consolidation that some believed would result in fewer manufacturers is not happening. Instead, automakers have created alliances with the goal to sharing costs, building new products and strengthening balance sheets. Let’s take a look at five hot auto alliances and what they provide to companies and consumers alike.
Renault-Nissan Alliance — The most well-known hook up is French automaker Renault with Japanese car manufacturer Nissan. In 1999, Renault bought a stake in Nissan and Nissan bought a slightly smaller stake in …