PARIS — Renault SA and Nissan Motor Co. Ltd. plan to save FF2.9 billion (US$465 million) from purchasing efficiencies next year, mostly among Nissan's European suppliers. “Nissan in Europe buys from some of the same suppliers as Renault,” says Renault President Louis Schweitzer at Renault's annual meeting in June. “This makes rapid synergies possible.” In a letter to stockholders distributed at the meeting, Schweitzer says a Renault study of Nissan purchasing revealed “a high level of ...

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