Renault and Nissan are planning to share more engines as part of their alliance. Both see it as imperative to the success of their brands at a time when development funds are in short supply.

Utilising each company’s strengths, Nissan will focus on the development of petrol engines, while Renault will lead the development of diesel units. This will speed upgrades and new technologies to market as well as lowering development costs for the two companies.

They are also expected to collaborate on the development of electric cars for 2010 and beyond, although no specific plans on this direction for the companies have been announced as yet.

Through the improved cooperation, the two companies expect to generate AUD$2.8 billion in cash flow for 2009.