UPDATE 1-Renault, Nissan seek cash boost from cost cuts

Newswire

* Partners want 1.5 bln euro FCF contribution from synergies * Engines, production, logistics to contribute * share up 3 pct at opening (Adds detail) PARIS, May 29 (Reuters) - French carmaker Renault and its Japanese partner Nissan Motor Co are stepping up synergies in a bid to boost the benefits of their alliance as a crisis batters the automotive industry worldwide. The companies said on Friday they would seek a joint contribution to their free cash flows of 1.5 billion euros ...

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