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When Nissan and Renault formed an alliance in 1999, the two automakers, led by dual-CEO Carlos Ghosn, cited the need to cut costs as deeply as possible through increased product sharing and purchasing power. Today, with the global economy in the doldrums, those benefits are required more than ever. So it's not surprising to hear that Nissan and Renault plan to begin sharing virtually all new engines moving forward.

According to reports, Nissan will focus on gas-powered engines and Renault will play to its strength in diesels. This way, both automakers can focus on improving the performance and reducing the environmental impact of both engine lines. If successful, the two-headed automaking giant hopes this deal will generate 180 billion yen (US$1.8 billion) in positive cash flow in 2009 alone.

[Source: Green Car Congress]

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