Renault-Nissan Has Massive Plans For Mitsubishi

Renault-Nissan CEO Carlos Ghosn is planning for a massive team-up between the three companies at the Paris Auto Show. Renault–Nissan is currently looking to pay $2.2 billion to take home a 34% stake in Mitsubishi, and it sounds like Renault-Nissan isn’t about to waste any time once the deal is confirmed by the appropriate regulatory authorities.

Related: 2017 Nissan March Makes Its Debut At Paris Motor Show

CEO of Renault-Nissan Group: Carlos Ghosn

Speaking with Automotive News, Ghosn says that Renault-Nissan and Mitsubishi will be ready to reveal plans the moment this buyout is confirmed. Ghosn said:

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

However, while Renault-Nissan may have already thought beyond the acquisition phase of its relationship, Ghosn pointed out that the companies still need to figure out plans for the US. Still, even with an unclear path to adding Mitsubishi to the Renault-Nissan alliance in the US, Ghosn seems confident and thinks that such a partnership could reach deep to produce some big things.

Related: Toyota & Daihatsu to Set Up New Automobile Company

We’ll have to wait and see how this whole thing shakes out, but it may not be long before we see Mitsubishi moving forward as an owned brand under the Renault-Nissan banner. Ghosn is hoping approval for the deal will come as early as the end of the year, at which point, we’ll get to see these “massive” plans he is talking about.

From Autonews


Notify of
Inline Feedbacks
View all comments