June 13, 2018 / 6:20 AM / 5 days ago

Renault-Nissan-Mitsubishi alliance says on track for cost savings goal

PARIS, June 13 (Reuters) - Annual synergies in the Renault-Nissan-Mitsubishi alliance reached 5.7 billion euros ($6.69 billion) in 2017, up 14 percent from a year earlier, the companies said on Wednesday, adding they were on track to meet 2022 cost savings targets.

In a statement, the members of the alliance confirmed a goal to hit more than 10 billion euros in synergies by the end of 2022. ($1 = 0.8516 euros) (Reporting by Sarah White, Editing by Maya Nikolaeva)

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