, which has caused sales to plunge as governments have forced citizens to stay at home to slow the spread of the virus.
The alliance is to focus on one model per product segment, which would be developed by the leading company in that particular segment and adapted by the others.The plan"is expected to deliver model investment reductions of up to 40% for vehicles fully under the scheme," they said, with nearly half of new cars to be jointly developed by 2025.
The carmakers will also focus on their core regions, with Nissan becoming the reference for China, North America, and Japan.
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