Renault, Nissan And Mitsubishi To Announce ‘Massive’ Deal

The Renault-Nissan Alliance is on the verge of a $2.2 billion deal with Mitsubishi to acquire 34 per cent of the Japanese company in a move which could have massive impacts on all three automakers.

During the Paris Auto Show, Renault-Nissan chief executive Carlos Ghosn told Automotive News that he expects authorities to approve the multi-billion acquisition and that when they do, exact details about what the companies do together will be announced.

“This is not a deal where we say, ‘OK, we made the deal, now let’s think what we can do together,” he said.

“No. The day we announce the deal, we’re going to tell you exactly what we’re going to do together. And it’s massive. It’s massive between Mitsubishi and Nissan. And also, it may be very significant between Renault and Mitsubishi.”

Although we won’t learn about the specifics until the acquisition is approved, Ghosn said that he wants Mitsubishi to become part of the Renault-Nissan Alliance, meaning the three would be closely linked in management, vehicle development, r&d and purchasing.

“Mitsubishi in this case will join the alliance. The alliance is about developing synergy. We know that there are a lot of synergies with Mitsubishi and strategically we have a lot of connection,” Ghosn concluded.

PHOTO GALLERY

  • BqWsRe

    Interesting…Except for Toyota, most Japanese car makers are under immense global pressure. Mitsubishi was almost dead so this will save some jobs and integrate some know-how.

    Carlos didnt get his dream GM merger but he hasnt given up either.

    • Сафиуллина-Мохамед Рамазанов

      you forgot Honda
      Subaru & Mazda kinda

  • Imjus Sayin

    “It’s massive between Mitsubishi and Nissan. And also, it may be very significant between Renault and Mitsubishi.”
    Hmmm…so Nissan will benefit in the South East Asian and emerging markets thru Mitsubishi, while Renault will benefit in the North American market thru the established Mitsubishi dealer network…. but at the end of the day, it’s all about the quality of the product.

    • madcat

      Not sure about your assumption that Renault would benefit from Mistubishi in North America though. Renault could already do it through Nissan and as you may know it’s not happening…
      Edit: not happening in US and CA, but it does in Mexico…

  • Grumpy

    Sure it may bring costs down, but it won’t make Mitsubishi more appealing and with Nissan’s lack of new Sports cars and integration of CVTs in nearly every model is a sure sign, that Mitsubishi will continue to be bland.

    • madcat

      Well before that Nissan was controlled by Renault, Nissan wasn’t really appealing either, and look now…

      • Grumpy

        Still isn’t. The sin was sticking a CVT in the maxima. It’s become Toyota with curves.

        • madcat

          On a personal standpoint I agree with you Nissan is not appealing. However looking at it’s current sales and economic healthiness it seems that it has become really appealing to many people…
          And don’t forget to include Infiniti in what you consider as Nissan…

          • Grumpy

            To consider Infiniti is not appropriate as it is on a different price point and doesn’t compete with Mitsubishi.
            Yes Nissan is doing good, but would that formula work on a brand that is small, behind on models, loosing apeal, and in the same category? It’s going to be tough. Not worth saving.

          • madcat

            I’m just saying that Infiniti are basically Nissan products so to be considered as part of it’s appeal and industrial capabilities.
            Also your description of Mistubishi is exactly what Nissan looked like prior to the Alliance with Renault…

  • Bo Hanan

    This is a good idea (for Mitsu). It also lets Mitsu share existing Nissan and Renault car platforms to create new models that it needs badly. Like a Satrion replacement off the new Silvia platform. Or a 370Z/3000GT twinning.

  • Tumbi Mtika

    Yay! Lancer EVO returns!!!

    …maybe.

  • Elijah Shina Vang

    Evo GTR anyone? This is good as all three can possibly co-develop electric car technology. It appears that Mitsubishi is heading in that direction. I just want to hear what plans the companies have for the future. Carlos pretty much brought the GTR back to life maybe he’ll do the same with the Evo?

  • KareKakk

    I predict the different Samsung-models will ship “worldwide” with the Mitsu-diamonds on the hood and trunk… 😉

Java Green Audi A7 Has The Looks To Turn Everyone’s Head

If you thought this shade only looked good on BMWs, check out what this Audi A7 Sportback can do with it.

2020 Hyundai Venue Is Cute, So Let’s See Find Out What Else It’s Got

The Venue has funky styling, a reasonable starting price and comprehensive equipment even at the entry-level trim.

Lamborghini Brings An Urus To The ‘Ring – Is It The Hybrid Or The Hardcore ST-X?

While we don’t purport to know what this Urus is all about, and there are two rumored options, it sounds like it still uses a twin-turbo V8.

2019 SsangYong Korando Is Much Improved, So Does It Deserve Your Attention?

The Korando is often overlooked by compact SUV buyers, but since this is all-new and much improved, maybe they should take a look first.

1985 BMW 518i With Reasonably Low Mileage Looks Good But Goes For $22k

The 103 HP generated by the E28-gen 518i sure is puny, and the price ain’t exactly affordable, but this example seems to be in pristine condition.

Premium SUV Buyers Rejoice: 2020 Mercedes-Benz GLC, GLC Coupe Hit Aussie Shores

Pricing starts at AUD $66,100 for the base 194 HP GLC and tops out at AUD $168,100 for the 503 HP AMG 53 Coupe.

Porsche Boxster GTS Goes Against BMW’s Z4 M40i In Straight Line Race

The Boxster GTS has roughly 25 hp more than the Euro-spec Z4 M40i – so who won this German roadsters’ fight?.

Warning: You May Fall In Love With This Modern-Day Lamborghini Miura

With the original widely acknowledged as one of the finest shapes in automotive history, an homage to the Miura would surely find lots of takers.

Connectivity Upgrades Raise 2020 Nissan NV200 Compact Cargo Prices By $530

The 2020 NV200 cargo van gains a new 7-inch touchscreen interface with Apple CarPlay, Android Auto and SiriusXM Radio.

Kia Admits Stinger Successor Is In Doubt As Sales Didn’t Live Up To Expectations

The sports saloon was always going to be a halo car for Kia, yet they believed it would be successful at least in the U.S. – and that didn’t happen.